Errors in Trial Balance The following preliminary unadjusted trial balance of Ranger Co., a sports ticket agency, does not balance: Ranger Co. Unadjusted Trial Balance August 31, 20Y1 Debit Balances Credit Balances. Cash 56,100 Accounts Receivable 26,370 Prepaid Insurance: 9,480 Equipment 8,900 Accounts Payable 15,370 Unearned Rent 3,420 Common Stock 44,790 Retained Earnings 51,700 Dividends 11,800 Service Revenue 99,300 Wages Expense 49,800 Advertising Expense 8,530 Miscellaneous Expense 1,680 Check My Work Previous When the ledger and other records are reviewed, you discover the following: (1) the debits and credits in the cash account total $56,100 and $40,280, respectively; (2) a billing of $2,970 to a customer on account was not posted to the accounts receivable account; (3) a payment of $2,130 made to a creditor on account was not posted to the accounts payable account; (4) the balance of the unearned rent account is $6,420; (5) the correct balance of the equipment account is $89,000; and (6) each account has a normal balance. Prepare a corrected unadjusted trial balance. For those boxes in which no entry is required, leave the box blank. Cash Ranger Co. Unadjusted Trial Balance Accounts Receivable Prepaid Insurance August 31, 20Y1 Debit Balances Credit Balances Equipment Accounts Payable Unearned Rent Common Stock Retained Earnings Dividends Service Revenue Wages Expense Advertising Expense Check My Work Previous Next