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You are given the following balances from the adjusted trial balance for XYZ Consulting, a service - based business, as of December 3 1 ,

You are given the following balances from the adjusted trial balance for XYZ
Consulting, a service-based business, as of December 31,2023. Cash: $20,000
Accounts Receivable: $12,000
Prepaid Rent: $3,000
Office Supplies: $800
Land: $17800
Office Equipment: $10,000
Accumulated Depreciation - Office Equipment: $2,000
Accounts Payable: $4,000
Unearned Revenue: $5,000
Capital Stock: $15,000
Retained Earnings: $10,000
Service Revenue: $30,000
Salaries Expense: $8,000
Rent Expense: $1,000
Office Supplies Expense: $400
Depreciation Expense: $1,000
Income Tax Expense: $2,000
NET INCOME AFTER TAX (FROM INCOME STATEMENT)=17600
RETAINED EARNINGS FROM STATEMENT OF RETAINED EARNINGS =27600
COMPUTE BALANCE SHEET.

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