Business
Business, 13.10.2020 03:01, cchsemily4651

An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances are normal. CULLUMBER COMPANY
Trial Balance December 31, 2017
Debit Credit
Cash $22,720
Prepaid Insurance $ 4,860
Accounts Payable 4,420
Unearned Service Revenue 3,890
Common Stock 10,000
Retained Earnings 6,600
Dividends 7,020
Service Revenue 26,960
Salaries and Wages Expense 12,580
Rent Expense 4,690
$39,190 $64,550

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