![Business](/tpl/images/cats/ekonomika.png)
An inexperienced bookkeeper prepared the following trial balance that does not balance.
Prepare a correct trial balance, assuming all account balances are normal.
CINELLI COMPANY
Trial Balance
December 31, 2014
Debit Credit
Cash $22,460
Prepaid Insurance $ 5,400
Accounts Payable 4,160
Unearned Service Revenue 4,340
Common Stock 10,000
Retained Earnings 6,600
Dividends 7,600
Service Revenue 27,500
Salaries and Wages Expense 12,000
Rent Expense 5,140
$38,800 $66,400
CINELLI COMPANY
Trial Balance
December 31, 2014
Debit Credit
$ $
$ $
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Answers: 3
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An inexperienced bookkeeper prepared the following trial balance that does not balance.
Prepare a c...
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