Homework Answers
Solution:
| Trial Balance | ||
| Particulars | Debit | Credit |
| Cash | $5,950.00 | |
| Accounts receivables | $4,100.00 | |
| Prepaid rent | $900.00 | |
| Accounts payable | $1,850.00 | |
| Salaries payable | $700.00 | |
| Common stock | $5,900.00 | |
| Retained earnings | $1,850.00 | |
| Dividends | $500.00 | |
| Service revenue | $6,800.00 | |
| Salaries expense | $2,700.00 | |
| Rent expense | $1,850.00 | |
| Advertising expense | $1,100.00 | |
| Total | $17,100.00 | $17,100.00 |
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