X = 2

The following accounts come form the ledger of Universe Corporation at December 31, 2020. Equipment $100,000 +100*X Common Stock $32,000 + 100*X Service Revenue 95,000 Cash 8,000 Accounts Payable 22,000 Notes Payable 20,000 Accounts Receivable 4,000 Prepaid Insurance 6,000 Salaries and Wages Expense 42,000 Utilities Expense 3,000 Dividends 8,000 Salaries and Wages Payable 2,000 Required: Prepare a trial balance in good form