Unadjusted Trial Balance
As of 12/31/20xx
Accounts	Debit	Credit
Cash	$20,526
Prepaid Rent	3,000
Accounts Receivable	6,000
Equipment	18,000
Deferred Revenue		$4,000
Notes Payable		10,000
Common Stock		8,000
Retained Earnings		10,000
Revenue		20,526
Rent Expense	1,000
Salaries Expense	3,000
Utility Expense	1,000
Totals	$50,526	$50,526

Additional Information:

• Beginning Balance of Common Stock on 1/1/20xx $8,000
• Beginning Balance of Retained Earnings on 1/1/20xx $10,000
• No new stock or dividends paid during the accounting period.
• Hint: Please remember the formula for retained earnings when preparing the balance sheet.

Question: Based on the Balance Sheet you prepared on your scratch paper, what is the amount shown for Total Stockholders' Equity.

Question: Based on the Balance Sheet you prepared on your scratch paper for the preceding question, what is the amount shown for Total Liabilities?

Question: Based on the Balance Sheet you prepared on your scratch paper for the previous two (2) questions, what is the amount shown for Total Assets?