The following trial balance was prepared incorrectly. The amounts in the gener

The following trial balance was prepared incorrectly. The amounts in the general ledger were
correct but some of the account balances were reported incorrectly in the report. All of the
accounts should have a normal balance.

Cash
40000
Accounts receivable
80000
Inventory
120000
Prepaid rent
15000
Equipment
340000
Accumulated depreciation
200000
Accounts payable
70000
Salaries payable
20000
Note payable
200000
Common Stock
20000
Retained earnings
50000
Commission revenue
180000
Facility expense
50000
Wage expense
60000
Depreciation expense
20000
Professional services expense
15000
785000
695000