Requirement 4:

Total resources = $_________

Amount owed = $________

The company _____ profitable, as it reported ________ of $______.

Requirement 3. Prepare the trial balance of Martinson Services, Inc., at December 31 of the current year. Select the accounts that will appear in the trial balance. Then enter the account balances and total the debits and credits. Review the account balances prepared in a previous step. More info Dec 2 Martinson Services received $66,000 cash and issued common stock to the stockholders. Dec 3 Purchased supplies, $900, and equipment, $11,500, on account. Dec4Dec7Dec11Performedservicesforacustomerandreceivedcash,$5,500.Paidcashtoacquireland,$36,000.Performedservicesforacustomerandbilledthecustomer,$4,300.Martinson expects to collect within one month. Dec 16 Paid for the equipment purchased December 3 on account. \begin{tabular}{ll} Dec 17 & Paid for newspaper advertising, $590. \\ Dec 18 & Received partial payment from customer on account, $2,200. \\ Dec 22 & Received and paid the water and electricity bills, $420. \\ Dec 29 Received $2,100 cash for servicing the heating unit of a customer. \\ Dec 31 Paid employee salaries, $2,200. \\ Dec 31 Declared and paid dividends of $1,500. \\ \hline \end{tabular}