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Ensemble Co. Unadjusted Trial Balance For the Year Ending December 31, 20Y8 Line Item Description Debit Balances Credit Balances Cash 87,600 Accounts Receivable 191,760 Prepaid
Line Item Description | Debit Balances | Credit Balances |
---|---|---|
Cash | 87,600 | |
Accounts Receivable | 191,760 | |
Prepaid Insurance | 41,490 | |
Equipment | 585,000 | |
Accounts Payable | 22,130 | |
Salaries Payable | 14,750 | |
Common Stock | 318,200 | |
Retained Earnings | 184,200 | |
Dividends | 70,060 | |
Service Revenue | 921,900 | |
Salary Expense | 383,860 | |
Advertising Expense | 83,890 | |
Miscellaneous Expense | 17,520 | |
Miscellaneous Expense | 1,784,760 | 1,784,760 |
After identifying the errors, prepare a correctedunadjusted trial balance. For those boxes in which no entry is required, leave the box blank.
Line Item Description | Debit Balances | Credit Balances |
---|---|---|
Cash | Cash | Cash |
Accounts Receivable | Accounts Receivable | Accounts Receivable |
Prepaid Insurance | Prepaid Insurance | Prepaid Insurance |
Equipment | Equipment | Equipment |
Accounts Payable | Accounts Payable | Accounts Payable |
Salaries Payable | Salaries Payable | Salaries Payable |
Common Stock | Common Stock | Common Stock |
Retained Earnings | Retained Earnings | Retained Earnings |
Dividends | Dividends | Dividends |
Service Revenue | Service Revenue | Service Revenue |
Salary Expense | Salary Expense | Salary Expense |
Advertising Expense | Advertising Expense | Advertising Expense |
Miscellaneous Expense | Miscellaneous Expense | Miscellaneous Expense |
Total | Total | Total |
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