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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. ORIOLE COMPANY
An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances are normal.
ORIOLE COMPANY Trial Balance December 31, 2017 | ||||
Debit | Credit | |||
Cash | $22,410 | |||
Prepaid Insurance | $ 4,700 | |||
Accounts Payable | 4,110 | |||
Unearned Service Revenue | 4,790 | |||
Common Stock | 10,000 | |||
Retained Earnings | 6,600 | |||
Dividends | 7,140 | |||
Service Revenue | 26,800 | |||
Salaries and Wages Expense | 12,460 | |||
Rent Expense | 5,590 | |||
$39,660 | $64,940 |
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