Use the data to set up a Trial Balance and

answer the 5 questions.

1. Total credits

$________

2. Building/Equipment

$________

3. Net income

$________

4.

Ending retained earnings

$________

5. Total Assets

$________

Cash

$26,000

Accounts receivable

33,000

Supplies

200

Prepaid rent

1,800

Building & Equipment

?

Accounts payable

7,500

Salaries payable

11,000

Interest payable

1,000

Deferred revenue

5,600

Notes payable

75,000

Common stock

250,000

Retained earnings

198,000

Dividends

22,000

Service revenue

385,000

Salaries expense

210,000

Rent expense

15,000

Interest expense

2,000

Supplies expense

900

Utilities expense

9,800

Advertising expense

33,000