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An inexperienced bookkeeper at Victoria Bakery has prepared the following trial balance that is not correct, as it does not balance. Correct the trial balance,
An inexperienced bookkeeper at Victoria Bakery has prepared the following trial balance that is not correct, as it does not balance. Correct the trial balance, assuming there are no errors in the dollar amounts provided. Victoria Bakery Trial Balance as at 31st December 202X Debit Credit Cash 23,600 Prepaid Insurance 4,900 Accounts Payable 7,500 Unearned Revenue 5,800 Share Capital 20,000 Dividends Paid 4,000 Revenue 29,200 Salaries 17,000 Kitchen Equipment 10,000 Rent Expense 3,000 $66,400 $58,600
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