Opening Balance
Account Name Debit Credit
Cash 50
Accounts Receivable 17,830
Inventory 6,600
Prepaid Rent 1,200
Equipment/Vehicles 25,000
Accumulated Depreciation 20,000
Security Deposit 200
Accounts Payable 6,500
Accrued Payroll Taxes 500
Accrued Unearned Income 3,280
Accrued Interest Expense 0
Term Loan 6,000
Common Stock 100
Retained Earnings 1,500
Service Revenue - Sales 60,000
Wage Expense 15,000
Material Expense 11,000
Advertising Expense 13,000
Rent Expense 5,000
Depreciation Expense 0
Payroll Tax Expense 2,000
Utility Expense 1,000
Interest Expense 0

What is the question?

Try do this yourself first, then if you have a question we will try to help you.

Use EXcel and list the accounts with one column for the debit balance and one for the Credit balance, then total your Debits and Credits.

DEBITS = CREDITS