The adjusted trial balance of Paul Cooper Co. as of December 31, 2020, contains the following.
PAUL COOPER CO.
ADJUSTED TRIAL BALANCE
DECEMBER 31, 2020
Debit
Credit
Cash
$20,232
Accounts Receivable
7,680
Prepaid Rent
3,040
Equipment
18,810
Accumulated Depreciation-Equipment
$5,655
Notes Payable
6,460
Accounts Payable
6,232
Common Stock
20,760
Retained Earnings
12,070
Dividends
3,760
Service Revenue
12,350
Salaries and Wages Expense
7,600
Rent Expense
2,202
Depreciation Expense
203
Interest Expense
141
Interest Payable
141
$63,668
$63,668