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