PLACE EACH ITEM IN AN ACCOUNT TYPE AND WHAT STATEMENT WOULD THEY BE SEEN ON AND THE NORMAL BALANCE. Example Accounts Payable is Liability Account on the Balance Sheet. The Normal balance is credit $2,300.	The balance in Retained Earnings at the beginning of 2019 was $216,000. There was an average of 10,000 shares of common stock outstanding during 2019.
Trout Corporation
#NAME?	2019 Year-End Balances	2020 Year-End Balances	Account Type	Financial Statement	Normal Balance
Accounts Payable	$5,500	$7,800
Accounts Receivable	$27,350	$64,900
Accumulated Amortization	$2,300	$4,000
Accumulated Depreciation	$40,000	$76,000
Building	$440,000	$440,000
Cash	$30,480	$87,920
Common Stock	$10,000	$12,000
Dividends	$4,000	$6,000
Equipment	$91,000	$91,000
Furniture	$11,000	$20,000
Goodwill	$79,800	$79,800
Insurance Expense	$2,000	$3,500
Interest Payable	$1,030	$1,020
Mortgage Payable	$138,000	$99,000
Note Payable	$154,000	$126,100
Prepaid Insurance	$2,300	$5,000
Prepaid Rent	$10,500	$10,000
Rent Expense	$42,000	$52,000
Service Revenue	$169,000	$206,000
Unearned Service Revenue	$9,500	$1,500
Utilities Expense	$4,900	$5,400