Question

In: Accounting

An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial...

An inexperienced bookkeeper prepared the following trial balance that does not balance.

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

ORIOLE COMPANY
Trial Balance
December 31, 2017

Debit Credit
Cash

$22,410

Prepaid Insurance

$ 4,700

Accounts Payable

4,110

Unearned Service Revenue

4,790

Common Stock

10,000

Retained Earnings

6,600

Dividends

7,140

Service Revenue

26,800

Salaries and Wages Expense

12,460

Rent Expense

5,590

$39,660

$64,940

Solutions

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