·Trial Balance Question:

• Requirements:
  • Prepare a trial balance using the following account balances:
    • Cash: $18,000
    • Accounts Receivable: $9,000
    • Prepaid Insurance: $3,000
    • Equipment: $30,000
    • Accumulated Depreciation: $8,000
    • Accounts Payable: $12,000
    • Salaries Payable: $1,500
    • Common Stock: $25,000
    • Retained Earnings: $15,000
    • Service Revenue: $20,000