Preparing a Trial Balance}

The following trial balance, prepared by the bookkeeper of Mason Company, does not balance.

\section*{Required:}
Prepare a correct trial balance. Assume all accounts have normal balances.

\section*{Exercise

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Mason Company Trial Balance December 31, 2018 Debit Credit Cash $20,000 Accounts Payable $ 3,000 Insurance Expense 1,500 Supplies 1,200 Accounts Receivable 10,300 Salaries Payable 1,900 Notes Payable 3,100 Common shares 10,000 Dividends 2,000 Retained Earnings 8.000 Service Revenue 19,200 Unearned Service Revenue 2,100 Prepaid Insurance 1,900 Salaries Expense 9.500 Supplies Expense 900 $46.400 $48,200