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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:

  • 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: $10,000
      • Accounts Payable: $11,000
      • Common Stock: $35,000
      • Retained Earnings: $28,000
      • Service Revenue: $45,000
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