The adjusted trial balance for PI Detectives reported the following account balances: Accounts Receivable $480; Supplies...

Transcribed Image Text:

The adjusted trial balance for PI Detectives reported the following account balances: Accounts Receivable $480; Supplies $8,800; Prepaid Insurance $7,000; Equipment $27,000; Accumulated Depreciation $3,800; Accounts Payable $180; Deferred Revenue $4,800; Notes Payable $2,800; Common Stock $21,000; Retained Earnings $5,500; Dividends $2,800; Service Revenue $32,800; Salaries and Wages Expense $19,000; and Depreciation Expense $1,100. Required: Prepare an adjusted trial balance as of December 31, and solve for its missing Cash balance. PI DETECTIVES Adjusted Trial Balance Account Titles Trials Debit Credit The adjusted trial balance for PI Detectives reported the following account balances: Accounts Receivable $480; Supplies $8,800; Prepaid Insurance $7,000; Equipment $27,000; Accumulated Depreciation $3,800; Accounts Payable $180; Deferred Revenue $4,800; Notes Payable $2,800; Common Stock $21,000; Retained Earnings $5,500; Dividends $2,800; Service Revenue $32,800; Salaries and Wages Expense $19,000; and Depreciation Expense $1,100. Required: Prepare an adjusted trial balance as of December 31, and solve for its missing Cash balance. PI DETECTIVES Adjusted Trial Balance Account Titles Trials Debit Credit