In: Accounting
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 |
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