The T-accounts of McMahon Farm Equipment Repair follow as of May 31, 2024.

Prepare McMahon Farm Equipment Repair’s trial balance as of May 31, 2024.

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ASSETS Cash 31,000 14,000 1,800 800 400 4,000 2,000 3,380 Accounts Receivable 3,500 400 Land 14,000 Building 29,000 Equipment 16,000 LIABILITIES Salaries Payable 800 4,200 Notes Payable 4,000 29,000 McMahon, Capital 31,000 16,000 EQUITY McMahon, Withdrawals + 2,000 Service Revenue 3,500 1,800 Salaries Expense 2,100 4,200 Property Tax Expense 1,000 Advertising Expense 280