$49,700.00 11,300.00 150,500.00 + Prepaid Insurance 5 Equipment 6 Accounts Payable 7 Salaries Payable 3 Tim Dawson, Capital 9 Tim Dawson, Drawing 6,050,00 4,250.00 110,000.00 18,500.00 10 Service Revenue 236,600.00 11 Salary Expense 98,930.00 12 Miscellaneous Expense 4,970.00 $424,020.00 $424,020.00 Required: 1. Determine the correct balance for the trial balance in both the debit and credit columns 2. Prepare a corrected trial balance. Analysis Trial Balance Instructions Analysis Determine the correct balance for the trial balance in both the debit and credit columns Debits $ Credits $ Trial Balance An Prepare a corrected trial balance De Dawson Designs Co. UNADJUSTED TRIAL BALANCE January 31, 20- ACCOUNT TITLE DERIT 1 Cash CREDIT 2 Accounts Receivable 3 Prepaid Insurance Equipment 5 Accounts Payable 6 Salaries Payable 7 Tim Dawson, Capital 8 Tim Dawson, Drawing 9 Service Revenue 10 Salary Expense 11 Miscellaneous Expense 12 Totals