Question: Trial Balance Question: - Requirements: Prepare a trial balance using the following account balances: Cash: $50,000 Accounts Receivable: $35,000 Prepaid Insurance: $25,000 Equipment: $130,000 Accumulated

ยทTrial Balance Question: - Requirements:

  • Prepare a trial balance using the following account balances:
    • Cash: $50,000
    • Accounts Receivable: $35,000
    • Prepaid Insurance: $25,000
    • Equipment: $130,000
    • Accumulated Depreciation: $60,000
    • Accounts Payable: $70,000
    • Salaries Payable: $12,000
    • Common Stock: $140,000
    • Retained Earnings: $120,000
    • Service Revenue: $100,000 -

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