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The following trial balance of Marigold Company does not balance. Your review of the ledger reveals the following. ( a ) Each account had a
The following trial balance of Marigold 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 $c A transposition error was made in Accounts Receivable and Service Revenue; the correct balances for Accounts Receivable and Service Revenue are $ and $ respectively. d A debit posting to Advertising Expense of $ was omitted. e A $ cash drawing by the owner was debited to Owner's Capital and credited to Cash.
tabletableMarigold CompanyTrial BalanceApril Debit,CreditCash$Accounts Receivable,Prepaid Insurance,Equipment$Accounts Payable,,Property Taxes Payable,Owners Capital,,Service Revenue,Salaries and Wages Expense,Advertising Expense,Property Tax Expense,,$$
Prepare a correct trial balance.
MARIGOLD COMPANY
Trial Balance
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