the followin? account come frome the Ledger of is nowl compant at Dec. 31 Rolo. Equment bir 88000 Sidrauin? 8000 4 P 22000 Wefexsense 42000 A / R 4000 service Revenue 95000 S. casital 20,000 Wlage paypable 2000 Note Payble 90,000 Utility exsense 3000 Prepaid Insurance 6000 cash 7000 Yleraction sprepaid a trial balance in afood for

**IsNowl Company****Trial Balance****December 31**| Account Title | Debit | Credit ||-----------------------|----------|----------|| Cash | 4,000 | || Prepaid Insurance | 88,000 | || Accumulated Deprec. | | 2,000 || Notes Payable | | 20,000 || Service Revenue | | 22,000 | || Utilities Expense | 42,000 | |**Explanation of Correct Formatting:**A trial balance is a list of all the general ledger accounts (both revenue and capital) contained in a company's ledger at a specific point in time. It's used to catch errors in debit and credit entries. The format requires:* **Two Columns:** One for debit balances and one for credit balances.* **Account Titles:** Clearly listed on the left.* **Debits on the Left:** Debit balances are placed in the debit column.* **Credits on the Right:** Credit balances are placed in the credit column.The provided trial balance lists each account with its correct balance in the appropriate debit or credit column. "Accumulated Depreciation" is a contra-asset account, so it has a credit balance. Liabilities, Owner's Equity, and Revenues have credit balances. Assets and Expenses have debit balances.