Chapter 2, Problem 2.6AP

Prepare a trial balance (LO2–6)

Below are the account balances of Bruins Company at the end of November.

Accounts	Balances
Cash	$40,000
Accounts Receivable	50,000
Supplies	1,100
Prepaid Rent	3,000
Equipment	?
Accounts Payable	17,000
Salaries Payable	5,000
Interest Payable	3,000
Deferred Revenue	9,000
Notes Payable	30,000
Common Stock	$50,000
Retained Earnings	35,000
Dividends	1,100
Service Revenue	65,000
Salaries Expense	30,000
Rent Expense	12,000
Interest Expense	3,000
Supplies Expense	7,000
Utilities Expense	6,000

Complete the steps in the measurement of external transactions (LO2–4, 2–5, 2–6)

Required:

Prepare a trial balance by placing amounts in the appropriate debit or credit column and determining the balance of the Equipment account.