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Trial Balance Question: Requirements: Prepare a trial balance using the following account balances: Cash: $18,000 Accounts Receivable: $12,000 Prepaid Rent: $5,000 Equipment: $45,000 Accumulated Depreciation:

  1. Trial Balance Question:
  • Requirements: Prepare a trial balance using the following account balances:
    • Cash: $18,000
    • Accounts Receivable: $12,000
    • Prepaid Rent: $5,000
    • Equipment: $45,000
    • Accumulated Depreciation: $8,000
    • Accounts Payable: $9,000
    • Common Stock: $30,000
    • Retained Earnings: $25,000
    • Service Revenue: $40,000

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