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Trial Balance Question: Requirements: Prepare a trial balance using the following account balances: Cash: $22,000 Accounts Receivable: $16,000 Prepaid Rent: $7,000 Equipment: $50,000 Accumulated Depreciation:
- Requirements: Prepare a trial balance using the following account balances:
- Cash: $22,000
- Accounts Receivable: $16,000
- Prepaid Rent: $7,000
- Equipment: $50,000
- Accumulated Depreciation: $10,000
- Accounts Payable: $11,000
- Common Stock: $35,000
- Retained Earnings: $28,000
- Service Revenue: $45,000
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