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**<br />**Trial Balance**<br />**December 31**<br /><br />| Account Title | Debit | Credit |<br />|-----------------------|----------|----------|<br />| Cash | $7,000 | |<br />| Accounts Receivable | $4,000 | |<br />| Prepaid Insurance | $6,000 | |<br />| Equipment | $88,000 | |<br />| Accumulated Deprec. | | $8,000 |<br />| Wages Payable | | $2,000 |<br />| Notes Payable | | $90,000 |<br />| S. Capital | | $20,000 |<br />| Service Revenue | | $95,000 |<br />| Salaries Expense | $22,000 | |<br />| Utilities Expense | $3,000 | |<br />| Wage Expense | $42,000 | |<br /><br /><br />**Explanation of Correct Formatting:**<br /><br />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:<br /><br />* **Two Columns:** One for debit balances and one for credit balances.<br />* **Account Titles:** Clearly listed on the left.<br />* **Debits on the Left:** Debit balances are placed in the debit column.<br />* **Credits on the Right:** Credit balances are placed in the credit column.<br /><br />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.<br />