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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
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| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
An inexperienced bookkeeper prepared the following trial balance. Prepare a correct trial balance, assuming all account balances are normal.
|
WALTER COMPANY |
||
|
Trial Balance |
||
|
December 31, 2012 |
||
|
Debit |
Credit |
|
|
Cash |
$10,800 |
|
|
Prepaid Insurance |
$ 3,500 |
|
|
Accounts Payable |
3,000 |
|
|
Unearned Service Revenue |
2,200 |
|
|
Owner’s Capital |
9,000 |
|
|
Owner’s Drawings |
4,500 |
|
|
Service Revenue |
25,600 |
|
|
Salaries and Wages Expense |
18,600 |
|
|
Rent Expense |
2,400 |
|
|
$31,600 |
$48,000 |
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