The following events apply to Complete Business Service in Year 1, its first year of operations:

Received $33,000 cash from the issue of common stock.

Earned $28,000 of service revenue on account.

Incurred $11,500 of operating expenses on account.

Received $21,500 cash for performing services.

Paid $9,500 cash to purchase land.

Collected $23,500 of cash from accounts receivable.

Received a $6,300 cash advance for services to be provided in the future.

Purchased $1,050 of supplies on account.

Made a $9,000 payment on accounts payable.

Paid a $5,300 cash dividend to the stockholders.

Recognized $620 of supplies expense.

Recognized $5,150 of revenue for services provided to the customer in Event 7.

Required

Test the equality of the debit and credit balances of the T-accounts by preparing a trial balance.

COMPLETE BUSINESS SERVICE
Trial Balance
As of December 31, Year 1
Account Titles	Debit	Credit
Totals	$0	$0