Question: hi. can you please explain how did you get the cash? Scott's Tax Services had the following accounts and account balances after adjusting entries. Assume

hi. can you please explain how did you get the cash?

Scott's

Tax Services had the following accounts and account balances after adjusting entries. Assume all accounts have normal balances.

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Prepare the adjusted trial balance for

Scott's

Tax Services as of December 31,

2024.

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Part 1

Scott's Tax Services
Adjusted Trial Balance
December 31, 2024
Balance
Account Title Debit Credit
Cash
Accounts Receivable 3,450
Office Supplies 100
Equipment 13,000
Accumulated DepreciationEquipment 2,100
Land 17,000
Accounts Payable 4,100
Utilities Payable 250
Unearned Revenue 1,500
Common Stock 22,600
Dividends 29,000
Service Revenue 75,000
Salaries Expense 5,000
Depreciation ExpenseEquipment 1,600
Supplies Expense 1,200
Utilities Expense 1,450
Total

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