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Trial Balance Question: Requirements: Prepare a trial balance using the following account balances: Cash: $32,000 Accounts Receivable: $18,000 Prepaid Rent: $10,000 Equipment: $75,000 Accumulated Depreciation:

ยทTrial Balance Question:

  • Requirements:
    • Prepare a trial balance using the following account balances:
      • Cash: $32,000
      • Accounts Receivable: $18,000
      • Prepaid Rent: $10,000
      • Equipment: $75,000
      • Accumulated Depreciation: $28,000
      • Accounts Payable: $28,000
      • Salaries Payable: $6,000
      • Common Stock: $65,000
      • Retained Earnings: $60,000
      • Service Revenue: $55,000

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