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 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.
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Related Book For
Accounting Tools For Business Decision Making
ISBN: 9781118771112
5th Edition
Authors: Kimmel, Wetlands, Kieso
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