TRIAL	BALANCE
ACCOUNT NAME	DEBIT	CREDIT
Cash	105,975.00
Accounts Receivable	18,950.00
Supplies	11,200.00
Prepaid Insurance	8,750.00
Land	60,000.00
Building	170,000.00
Accumulated Depreciation		10,000.00
Accounts Payable		10,575.00
Deferred Revenue		17,250.00
Common Stock		212,500.00
Retained Earnings		90,625.00
Dividends	3,500.00
Service Revenue		99,125.00
Salaries Expense	17,050.00
Depreciation Expense	8,250.00
Utilities Expense	3,650.00
Supplies Expense
Insurance Expense	6,250.00
Rent Expense	22,125.00
Property Tax Expense	4,375.00
	440,075.00	440,075.00
Net Income (Loss)

a. The annual insurance policy in the amount of $15,000 was purchased on July 1 and has been adjusted through the end of November.

1. Supplies remaining on hand at the end of the year equal $2,075.
2. $14,750 of the deferred revenue has been earned.
3. Depreciation on the building is $750 for December.