Question: Use the data to set up a Trial Balance and answer the 5 questions. $12,000 20,000 100 1,100 1. Total credits 2. Equipment 3. Net

 Use the data to set up a Trial Balance and answer

Use the data to set up a Trial Balance and answer the 5 questions. $12,000 20,000 100 1,100 1. Total credits 2. Equipment 3. Net income 4. Ending retained earnings $_ 5. Total Assets Cash Accounts receivable Supplies Prepaid rent Equipment Accounts payable Salaries payable Interest payable Deferred revenue Notes payable Common stock Retained earnings Dividends Service revenue Salaries expense Rent expense Interest expense Supplies expense Utilities expense Advertising expense 3,000 9,000 500 4,100 75,000 250,000 105,000 10,000 352,000 210,000 11,000 1,500 300 9,500 40,000

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