·Trial Balance Question:

• Requirements:
  • Prepare a trial balance using the following account balances:
    • Cash: $20,000
    • Accounts Receivable: $12,000
    • Prepaid Rent: $4,000
    • Equipment: $40,000
    • Accumulated Depreciation: $10,000
    • Accounts Payable: $15,000
    • Salaries Payable: $2,000
    • Common Stock: $35,000
    • Retained Earnings: $18,000
    • Service Revenue: $30,000