·Trial Balance Question:

• Requirements:
  • Prepare a trial balance using the following account balances:
    • Cash: $38,000
    • Accounts Receivable: $22,000
    • Prepaid Insurance: $12,000
    • Equipment: $85,000
    • Accumulated Depreciation: $32,000
    • Accounts Payable: $35,000
    • Salaries Payable: $7,000
    • Common Stock: $75,000
    • Retained Earnings: $70,000
    • Service Revenue: $65,000