·Trial Balance Question:

• Requirements:
  • Prepare a trial balance using the following account balances:
    • Cash: $22,000
    • Accounts Receivable: $14,000
    • Prepaid Insurance: $5,000
    • Equipment: $50,000
    • Accumulated Depreciation: $15,000
    • Accounts Payable: $20,000
    • Salaries Payable: $3,000
    • Common Stock: $45,000
    • Retained Earnings: $30,000
    • Service Revenue: $40,000