The unadjusted trial balance of Sketch Star Makers Incorporated, prepared as of December 31, 2022,...
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Accounting
The unadjusted trial balance of Sketch Star Makers Incorporated, prepared as of December 31, 2022, includes the following account balances. All of the accounts listed have normal balances. Cash $ 15,500 Accounts Receivable 3,100 Supplies 3,200 Prepaid Insurance 7,000 Equipment 21,000 Accumulated Depreciation 3,100 Notes Payable (long-term) 31,000 Deferred Revenue 10,500 Service Revenue 41,000 Salaries and Wages Expense 35,500 The following information is also available: A) After a count of supplies, there were $1,500 worth of supplies remaining on hand at December 31, 2022. B) An insurance policy, purchased on January 1, 2022, covers five years but has not yet been adjusted. C) The equipment depreciates at a rate of $2,100 per year; no depreciatio
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