10Below is the adjusted trial balance for Parsons Repair Service. Please prepare the balance sheet at December 31, 2012. Parsons Repair Service Adjusted Trial Balance December 31, 2012 ...

10Below is the adjusted trial balance for Parsons Repair Service. Please prepare the balance sheet at December 31, 2012.

Parsons Repair Service

Adjusted Trial Balance

December 31, 2012

AccountsDebitCredit

Cash$1,600

Accounts receivable2,400

Prepaid rent800

Supplies200

Building14,000

Accumulated depreciation$2,000

Accounts payable4,200

Salary payable1,000

Unearned revenue800

Common stock1,000

Retained earnings5,000

Dividends1,000

Service revenue50,000

Salary expense21,000

Rent expense14,000

Depreciation expense8,500

Supplies expense500

Total$64,000$64,000

2,000

12,000Stockholders’ Equity