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Trial Balance: What did I do wrong? My trial balance does not balance out. Base of these balances below, figure 1. I got the trial
Trial Balance:
What did I do wrong? My trial balance does not balance out. Base of these balances below, figure 1. I got the trial balance in figure 2 but it doesn't balance out.
Please Advise!
figure 1
Debit | Credit | |
Cash | $35,000 | |
Accounts Receivable | 6,000 | |
Equipment | 20,000 | |
Accumulated Depreciation - Equipment | $6,000 | |
Supplies Inventory | 2,000 | |
Prepaid Expenses | 3,000 | |
Accounts Payable | 3,000 | |
Wages Payable | 2,000 | |
Unearned Revenue | 5,000 | |
Common Stock | 10,000 | |
Sales Revenue | 169,500 | |
Retained Earnings | 25,000 | |
Depreciation Expense | 4,000 | |
Insurance Expense | 6,000 | |
Interest Expense | 5,000 | |
Supplies Expense | 1,500 | |
Postage & Delivery Expense | 1,000 | |
Rent Expense | 24,000 | |
Travel Expense | 3,000 | |
Wages Expense | 110,000 | |
$185,500 | $214,500 |
Figure 2
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