Answer:
Hie, the question has missing amounts / account balances relating to the following Accounts<em> Prepaid Insurance</em>, <em>Salaries and Wages Expense</em> and <em>Depreciation Expense</em>. However, both the debits and credit totals must add up to $292 as only debits are missing.
Explained and illustrated below is the approach to take on this question.
A trial balance is a list of balances (debit or credit) extracted from ledger accounts.
<u>Adjusted Trial Balance At December 31</u>
Debits Credit
$000 $000
Cash 58
Accounts Receivable 7
Prepaid Insurance (missing)
Equipment 120
Accumulated Depreciation 8
Accounts Payable 7
Common Stock 116
Retained Earnings 17
Sales Revenue 131
Insurance Expense 9
Salaries and Wages Expense (missing)
Supplies Expense 46
Depreciation Expense (missing)
Salaries and Wages Payable 11
Income Tax Expense
Income Tax Payable 13
Totals 292 292