The T-accounts of McMahon Farm Equipment Repair follow as of May 31, 2018.

Prepare McMahon Farm Equipment Repair's trial balance as of May 31, 2018.

Transcribed Image Text:

ASSETS LIABILITIES EQUITY EQUITY Contributed Capital Retained Earnings Service Revenue Salaries Expense Salaries Payable Dividends Common Stock Cash 2,000 31.000 14.000 800 4,200 3,500 1,800 31,000 2,100 1,800 800 Notes Payable 16,000 400 4,000 Property Tax Expense 1,000 Advertising Expense 280 4,000 29,000 2,000 3,380 Accounts Receivable 3,500 400 Land 14,000 Building 29,000 29,000 Equipment 16,000