An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance,

Question:

An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances are normal.

CINELLI COMPANY Trial Balance December 31, 2014 Debit Credit Cash $20,800 Prepaid Insurance $ 3,500 Accounts Payable 2,500 Unearned Service Revenue 1,800 Common Stock 10,000 Retained Earnings 6,600 Dividends 5,000 Service Revenue 25,600 Salaries and Wages Expense 14,600 Rent Expense 2,600

$37,200 $55,800.

AppendixLO1

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: