Question
1. An inexperience bookkeeper prepared the following trial balance. Prepared a correct trial balance, assuming all account balances are normal. Erica Company Trial balance December
1. An inexperience bookkeeper prepared the following trial balance. Prepared a correct trial balance, assuming all account balances are normal.
Erica Company
Trial balance
December 31, 2019.
debit credit
Cash $ 16, 800
Prepaid Insurance $3500
Account Payable 3000
Unearned Service Revenue 4200
Common Stock 13,000
Dividends 4,500
Service Revenue 25,600
Salaries and Wages Expense 18, 600
Rent Expense 2, 400
___________ ________
$39, 600 $ 52, 000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Accounting An International Introduction
Authors: David Alexander
7th Edition
129229583X, 978-1292295831
