Ex. (4): Prepare a corrected trial balance for (B) Company. All accounts should have a normal balance. (B) COMPANY Trial Balance For the Quarter Ended 3/31/14 Debit $ 14,000 Credit $ 23,000 2,500 60,000 15.000 10,000 Cash Accounts Receivable Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Notes Payable Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Utilities Expense Rent Expense 25,000 38,000 1,500 43,000 15,000 5,000 10.000 $116,500 $145.500 Solution : (B) COMPANY Trial Balance For the Quarter Ended 3/31/14 Debit Cash Accounts Receivable Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Notes Payable Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Utilities Expense Rent Expense