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Ranger Co. Unadjusted Trial Balance August 31, 2011 Debit Balances Credit Balances Cash 45,370 Accounts Receivable 21,320 7,670 Prepaid Insurance Equipment 7,200 Accounts Payable 12,430
Ranger Co. Unadjusted Trial Balance August 31, 2011 Debit Balances Credit Balances Cash 45,370 Accounts Receivable 21,320 7,670 Prepaid Insurance Equipment 7,200 Accounts Payable 12,430 2,770 Unearned Rent Common Stock 26,340 51,700 Retained Earnings Dividends 9,500 Service Revenue 80,300 Wages Expense 40,200 Advertising Expense 6,900 Miscellaneous Expense 1,360 Totals 168,330 144,730 when the ledger and other records are reviewed, you discover the following: (1) the debits and credits in the cash account total $45,370 and $32,580, respectively: (2) a billing of $2,400 to a customer on account was not posted to the accounts receivable account; (3) a payment of $1,720 made to a creditor on account was not posted to the accounts payable account; (4) the balance of the unearned rent account is $5,090; (5) the correct balance of the equipment account is $72,000; and (6) each account the accounts payable account; (4) the balance of the unearned rent account is $5,090; (5) the correct balance of the equipment account is $72,000; 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. Ranger Co. Unadjusted Trial Balance August 31, 20Y1 Debit Balances Credit Balances Cash Accounts Receivable Prepaid Insurance Equipment Accounts Payable Unearned Rent Common Stock Retained Earnings M Dividends Service Revenue Wages Expense Advertising Expense Miscellaneous Expense
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