Question

In: Accounting

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

Solutions

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

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