The transactions for Inspired Design, Inc., for the month of March 2018 are posted in the following T-accounts:

Requirements

1. Calculate account balances at March 31, 2018.

2. Prepare the trial balance for Inspired Design, Inc., at March 31, 2018.

Transcribed Image Text:

Cash 111 Equipment 115 Service Revenue 411 Mar 1 65,000 Mar 2 7,000 400 1,100 Mar 4 7,900 Mar 6 7,000 1,900 4 7,900 Bal 17 |Bal 23 100 Accounts Payable 211 15 28 675 425 Salaries Expense 512 Mar 9 100 Mar 3 800 29 725 |Bal Mar 15 29 675 725 Bal Common Stock 311 Bal 65,000 Accounts Mar 1 112 Receivable Rent Expense 504 Bal 400 Mar 17 Bal 1,900 Mar 23 Mar 2 1,100 Bal Supplies 113 Utilities Expense 530 Mar 3 800 Mar 28 Bal 425 Bal