1. Use the following account information and consider the adjustment data provided (assume accounts have normal balances). Equipment was recently purchased, so there is neither depreciation expense nor accumulated depreciation.

   Accounts Payable	$9,500
   Accounts Receivable	14,260
   Cash	22,222
   Common Stock	30,000
   Dividends	4,000
   Equipment	12,000
   Prepaid Insurance	25,444
   Land	24,000
   Notes Payable	26,000
   Retained Earnings	13,815
   Insurance Expense	12,689
   Service Revenue	91,050
   Supplies	2,750
   Salaries Expense	53,000

   Adjustments needed:

   Salaries due to employees, but unpaid at the end of the period, $3,000.

   Insurance still unexpired at end of the period, $12,000.

   Prepare an adjusted trial balance. If an amount box does not require an entry, leave it blank.

   Adjusted Trial Balance
   	Debit	Credit
   	$fill in the blank 2	fill in the blank 3
   	fill in the blank 5	fill in the blank 6
   	fill in the blank 8	fill in the blank 9
   	fill in the blank 11	fill in the blank 12
   	fill in the blank 14	fill in the blank 15
   	fill in the blank 17	fill in the blank 18
   	fill in the blank 20	$fill in the blank 21
   	fill in the blank 23	fill in the blank 24
   	fill in the blank 26	fill in the blank 27
   	fill in the blank 29	fill in the blank 30
   	fill in the blank 32	fill in the blank 33
   	fill in the blank 35	fill in the blank 36
   	fill in the blank 38	fill in the blank 39
   	fill in the blank 41	fill in the blank 42
   	fill in the blank 44	fill in the blank 45
   	$fill in the blank 46	$fill in the blank 47

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