BE2-lO An inexperienced bookkeeper prepared the following trial balance. Prepare a correct trial balance, assuming all account balances are normal.

WALTER COMPANY

Trial Balance

December 31, 2012

	Debit $10,800	Credit
Prepaid Insurance		$ 3,500
Accounts Payable		3,000
Uhearned Service Revenue	2,200
Owner's Capital		9,000
Owner's Drawings		4,500
Service Revenue		25,600
Salaries and Wages Expense	18,600
Rent Expense		2,400
	$31,600	$48,000

P2-2A Desiree Clark is a licensed CPA. During the month 01 operations of her business, the following events and transactions occurred.

May 1 Clark invested $20,000 cash in her bLLsiness

Hired a secretary-receptionist at a salary Of $2,000 per month.

Purchased $2,500 Of supplies on account from Read Supply Company.

Paid rent Of $900 cash lor the month.

Completed H Lax assignment and billed client $3,200 for services provided.