Chapter 3 Homework Cornerstone Exercise 3-26 (Algorithmic) Preparing a Balance Sheet Sparrow Company had the following adjusted trial balance at December 31, 2019. Sparrow Company Adjusted Trial Balance December 31, 2019 Debit Credit Cash Accounts Receivable Prepaid Insurance $3,150 5,650 4,480 Equipment Accumulated Depreciation, Equipment 42,000 $24,000 Accounts Payable Salaries Payable 2,800 4,450 Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense 3,875 8,000 2,255 10,500 99,600 49,400 Rent Expense 17,250 Type here to search 0 FI NAUDIO