Answer:
Cash 12,000 debit
Accont receivable 4,000 debit
Equipment 45,000 debit
Account payable 1,500 credit
Salaries payable 15,000 credit
Interest payable 7,500 credit
Common stock 25,000 credit
Dividens 12,900 debit
Service revenue 38,000 credit
Salaries expenses 1,800 debit
Utility expanse 1,300 debit
Rent expenses <u> 10,000 debit </u> <u> </u>
Total 87,000 87,000 credit
Explanation:
Assets and expenses account will have a debit balance
Dividends will also have a debit balance
Then liabilities (payable) accounts, equity accounts (common stock) and revenues account have a credit balance
With this in mind we arrenge the accounts and create the trial balance.
Last, we add each column. This is to make sure it is correct, debit = credit
