·Trial Balance Question: - Requirements:

• Prepare a trial balance using the following account balances:
  • Cash: $50,000
  • Accounts Receivable: $30,000
  • Prepaid Insurance: $20,000
  • Equipment: $100,000
  • Accumulated Depreciation: $30,000
  • Accounts Payable: $40,000
  • Salaries Payable: $5,000
  • Common Stock: $80,000
  • Retained Earnings: $70,000
  • Service Revenue: $60,000 -