The following trial balance was prepared from the books of McQueen Corp. at its year-end, December 31, 2015. The new bookkeeper was unable to balance the accounts or to list them in their proper order. Individual account balances are correct, but debits may be classified as credits and vice-versa.

Required: Prepare a corrected trial balance showing the accounts in numerical order and balances in the correct column. Total the columns and ensure total debits equal total credits. Assume all accounts have normal balances.

Transcribed Image Text:

Account Balances Credit Acct. No. Account 210 Accounts payable 110 Accounts receivable 181 Building 320 Share capital 101 Caslh 182 Furniture 180 Land 161 Prepaid insurance 201 Bank loarn 350 Dividends 162 Prepaid rent 173 Unused supplies Debit 13,250 10,000 50,000 75,000 15,500 6,000 12,000 9,600 28,000 2,350 8,000 2,800 Totals $164,900 $67,600