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Chapter 2 Spreadsheet Application ExerciseBrett Wilkinson, AttorneyTrial BalanceJuly 31, 20X7Brett Wilkinson, AttorneyTrial BalanceJuly 31, 20X7Balance

Account TitleDebitCredit

Cash$9,500.00Accounts receivable$700.00Accounts payable$0.00

Brett Wilkinson, capital$10,000.00

Brett Wilkinson, withdrawals$1,000.00Service revenue$4,200.00

Rent expense$900.00Salary expense$1,500.00Utilities expense$600.00Total$14,200.00$14,200.00

Total Assets$10,200.00Total Liabilities$0.00Total Owners Equity$9,000.00Total Net Income (Loss)$1,200.00

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