Question: Trial Balance Question: - Requirements: Prepare a trial balance using the following account balances: Cash: $70,000 Accounts Receivable: $50,000 Prepaid Insurance: $40,000 Equipment: $180,000 Accumulated

ยทTrial Balance Question: - Requirements:

  • Prepare a trial balance using the following account balances:
    • Cash: $70,000
    • Accounts Receivable: $50,000
    • Prepaid Insurance: $40,000
    • Equipment: $180,000
    • Accumulated Depreciation: $90,000
    • Accounts Payable: $100,000
    • Salaries Payable: $18,000
    • Common Stock: $220,000
    • Retained Earnings: $200,000
    • Service Revenue: $150,000 -

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