The post- closing trial balance for Acme Utility Company is presented below . Write a summary on this page to demonstrate your best business writing ability that also identifies your concerns regarding probable errors , i.e. red flags , in the trial balance . Debits Credits Cash $2 , 000 Accounts Receivable $ 12 , 000 Prepaid Expenses $ 4, 000 Inventories $8 , 000 Plant and Equipment $50, 000 Accumulated Depreciation $15 , 000 Accounts Payable $3, 000 Salaries Payable $1, 000 Accrued Interest Payable $3, 000 Common Equity $60, 000 Retained Earnings $24, 000 Total $91, 000 $91, 000