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Trial Balance Question: - Requirements: Prepare a trial balance using the following account balances: Cash: $60,000 Accounts Receivable: $40,000 Prepaid Rent: $30,000 Equipment: $150,000 Accumulated

ยทTrial Balance Question: - Requirements:

  • Prepare a trial balance using the following account balances:
    • Cash: $60,000
    • Accounts Receivable: $40,000
    • Prepaid Rent: $30,000
    • Equipment: $150,000
    • Accumulated Depreciation: $70,000
    • Accounts Payable: $80,000
    • Salaries Payable: $15,000
    • Common Stock: $180,000
    • Retained Earnings: $160,000
    • Service Revenue: $120,000 -

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