Prepare a correct trial balance ,assuming all account balances are normal

An inexperienced bookkeeper prepared the following trial balance.Prepare a correct trial balance,assuming all account balances are normal

Cappshaw Company

Trial Balance

December 31,2017

Particulars	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 & Wages Expense	18,600
Rent Expense		2,400
Total	31,600	31,600

Expert Solution

Cappshaw Company

Trial Balance

as on December 31,2017

Date	Particulars	Post Ref	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 & Wages Expense		18,600
	Rent Expense		2,400
	Total		39,800	39,800

Total of trial balance is $39,800

balaji rao answered 4 years ago

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