Answer and Explanation:
The preparation of the trial balance is presented below:
Particulars Debit Credit
Cash $2,800
Prepaid Rent $6,300
Account receivable $5,000
Land $49,000
Account payable $3,200
Deferred revenue $1,750
Common stock $29,000
Retained earnings $20,250
Service revenue $24,300
Salaries expense $7,100
Supplies expense $8,300
Total $78,500 $78,500