·Trial Balance Question:

• Requirements:
  • Prepare a trial balance using the following account balances:
    • Cash: $42,000
    • Accounts Receivable: $25,000
    • Prepaid Rent: $15,000
    • Equipment: $100,000
    • Accumulated Depreciation: $40,000
    • Accounts Payable: $45,000
    • Salaries Payable: $8,000
    • Common Stock: $85,000
    • Retained Earnings: $80,000
    • Service Revenue: $75,000