KL Company Inc.

In February, Katie Long formed KL Company Inc. Transactions for the month of March have been posted to the T accounts. An intern has prepared a trial balance from the T accounts, but there seem to be some errors.

T accounts

Cash
Bal.	8,000	3/3	2,300
3/25	7,650	3/27	1,250
3/28	5,000	3/29	3,475
3/30	8,125	3/31	1,875

Accounts Receivable
Bal.	1,950
3/18	9,800	3/30	8,125

Supplies
Bal.	225
3/7	1,650

Office Equipment
3/2	17,500

Accounts Payable
3/27	1,250	Bal.	1,250
		3/7	1,650

Notes Payable
		3/2	17,500

Common Stock
		Bal.	7,500
		3/28	5,000

Retained Earnings
		Bal.	1,425

Dividends
3/31	1,875

Fees Earned
		3/18	9,800
		3/25	7,650

Rent Expense
3/3	2,300

Wages Expense
3/29	3,475

Required:

Trial Balance: Unequal Totals

The intern has prepared the following trial balance for the month of March.

KL Company Inc. Unadjusted Trial Balance March 31, 20Y3
Account Title	Debit Balances	Credit Balances
Cash	24,475
Accounts Receivable		3,625
Supplies	1,875
Office Equipment	17,500
Accounts Payable	1,650
Notes Payable		17,500
Common Stock		12,500
Retained Earnings	1,425
Dividends		1,875
Fees Earned		9,800
Rent Expense	3,200
Wages Expense		3,475
	50,125	48,775

Trial Balance: Correct

The Trial Balance: Unequal Totals was prepared by the intern. The intern is puzzled by the unequal totals. Prepare a corrected trial balance. If an amount box does not require an entry, leave it blank.

KL Company Inc. Unadjusted Trial Balance March 31, 20Y3
Account Title	Debit Balances	Credit Balances
Cash
Accounts Receivable
Supplies
Office Equipment
Accounts Payable
Notes Payable
Common Stock
Retained Earnings
Dividends
Fees Earned
Rent Expense
Wages Expense