|
Fast Forward
Trial Balance
December 31, 2015
|
|
|
Debit
|
Credit
|
|
Cash
|
4275
|
|
|
Accounts Receivable
|
2000
|
|
|
Supplies
|
9720
|
|
|
Prepaid Insurance
|
2400
|
|
|
Equipment
|
26000
|
|
|
Building
|
3000
|
|
|
Accounts Payable
|
|
6200
|
|
Salaries payable
|
|
3000
|
|
Unearned Revenues
|
|
3000
|
|
Common Stock
|
|
30000
|
|
Dividends
|
200
|
|
|
Consulting Revenues
|
|
7800
|
|
Rental revenue
|
|
300
|
|
Utilities expenses
|
305
|
|
|
Salaries expenses
|
1400
|
|
|
Rent expenses
|
1000
|
|
|
Totals
|
50300
|
50300
|
Additional information
Retained Earnings final balance is $5,195
Required:
Prepare a Balance Sheet at December 31, 2015