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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:

ยทTrial 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

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