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Prepare a Corrected Trial Balance The following trial balance for Hill Company has errors that cause it to be out of balance. Hill Company Unadjusted
Prepare a Corrected Trial Balance The following trial balance for Hill Company has errors that cause it to be out of balance. Hill Company Unadjusted Trial Balance December 31, 2019 Debit Credit Cash $20,000 Inventory $85,000 Accounts receivable 42,000 Accounts payable 12,000 Common stock 52,000 Retained earnings 58,000 Sales revenue 100,000 Cost of goods sold 60,000 Selling expenses 15,000 Totals $237,000 $207,000 Prepare a corrected version of the trial balance for Hill Company. HILL COMPANY Trial Balance December 31, 2019 Debit Credit Cash $ $ Inventory Accounts receivable Accounts payable $ Common stock Retained earnings Sales revenue Utilities expense Selling expenses Totals $ $
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