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The following trial balance of Bramble Company does not balance. Your review of the ledger reveals the following. (a) Each account had a normal
The following trial balance of Bramble Company does not balance. Your review of the ledger reveals the following. (a) Each account had a normal balance. (b) The debit footings in Prepaid Insurance, Accounts Payable, and Property Tax Expense were each understated $94. (c) A transposition error was made in Accounts Receivable and Service Revenue; the correct balances for Accounts Receivable and Service Revenue are $2,840 and $6,590, respectively. (d) A debit posting to Advertising Expense of $273 was omitted. (e) A $1,360 cash drawing by the owner was debited to Owner's Capital and credited to Cash. Bramble Company Trial Balance April 30, 2020 Debit Credit Cash $4,321 Accounts Receivable 2,480 Prepaid Insurance 632 Equipment $8,220 Accounts Payable 4,830 Property Tax Payable 551 Owner's Capital 10,652 Service Revenue 6,950 Salaries and Wages Expense 4,126 Advertising Expense 1,149 Property Tax Expense 780 $20,209 $24,482 Prepare a correct trial balance.
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