An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance,
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An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances arenormal.
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PELICAN COMPANY Trial Balance December 31, 2012 Debit Credit Cash $20,800 Prepaid Insurance Accounts Payable Unearned Service Revenue $ 3,500 2,500 1,800 Common Stock 10,000 6,600 5,000 25,600 Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense 14,600 2,600 $37,200 $55,800
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Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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