An inexperienced bookkeeper prepared the following trial balance Prepare a correct trial balance, assuming all account balances arenormal KWUN COMPANY Trial Balance December 31, 2010 Debit Credit Cash $14 800 Prepaid Insurance Accounts Payable Unearned Revenue P Kwun, Capital P Kwun, Drawing $3 500...

KWUN COMPANY Trial Balance December 31 2010 Debit Credi ...

An inexperienced bookkeeper prepared the following trial balance. Prepare a correct trial balance, assuming all account balances

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An inexperienced bookkeeper prepared the following trial balance. Prepare a correct trial balance, assuming all account balances arenormal.

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Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Sep 20, 2011 08:06 AM

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An inexperienced bookkeeper prepared the following trial balance. Prepare a correct trial balance, assuming all account balances

Question:

KWUN COMPANY Trial Balance December 31, 2010 Debit Credit Cash $14.800 Prepaid Insurance Accounts Payable Unearned Revenue P. Kwun, Capital P. Kwun, Drawing $3.500 3,000 2.200 13.000 4.500 25.600 Service Revenue Salaries Expense Rent Expense 18,600 2,400 $35,600 $52,000

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