Charles Chadwick opened a business called Charlie's Detective Service in January 2019. At the end of January the accounts had the following balances: Prepare a trial balance for Charlie's Detective Service as of January 31, 2019.

Accounts Payable $4,000
Accounts Receivable $3,000
Cash $24,400
Charles Chadwick, Capital $30,000
Charles Chadwick, Drawing $3,000
Computer Equipment $8,000
Office Furniture $5,000
Office Supplies $300
Professional Fees $12,000
Rent Expense $1,500
Utilities Expense $800

Please find the complete solution in the attached file.

Explanation:

forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.

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