Create a Balance Sheet with this Trial Balance:
|
|
Debits
|
Credits
|
|
Cash
|
$713,083
|
|
|
Inventory
|
$1,500
|
|
|
Prepaid Rent
|
$11,000
|
|
|
Prepaid Insurance
|
$8,000
|
|
|
Cost Goods Sold
|
$78,500
|
|
|
Accounts Receivable
|
$60,000
|
|
|
Equipment
|
$300,000
|
|
|
Rent Expense
|
$1,000
|
|
|
Interest Expense
|
$417
|
|
|
Salary Expense
|
$30,000
|
|
|
Depreciation Expense
|
$36,000
|
|
|
Utility Expense
|
$1,500
|
|
|
Accumulated Depreciation
|
|
$36,000
|
|
Sales Revenue
|
|
$120,000
|
|
Account Payable
|
|
$30,000
|
|
Notes Payable
|
|
$50,000
|
|
Deferred Renvenue
|
|
$5,000
|
|
Commcn Stock
|
|
$100,000
|
|
Total
|
$1.241,000
|
$1,241,000
|