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Prepare a correct trial balance. (SO 7) BE2-10 An inexperienced bookkeeper prepared the following trial balance. Prepare a correct trial balance, assuming all account balances

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Prepare a correct trial balance. (SO 7) BE2-10 An inexperienced bookkeeper prepared the following trial balance. Prepare a correct trial balance, assuming all account balances are normal. Credit KWUN COMPANY Trial Balance December 31, 2010 Debit Cash $14,800 Prepaid Insurance Accounts Payable Uncarned Revenue 2.200 P. Kwun, Capital P. Kwun, Drawing Service Revenue Salaries Expense 18,600 Rent Expense $3,500 3,000 13,000 4.500 25,600 $35,600 2.400 $52,000

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