An inexperienced bookkeeper prepared the following trial balance Prepare a correct trial balance, assuming all account balances are normal CHENG COMPANY LTD Trial Balance December 31, 2017 Debit 16,800 Credit Cash Prepaid Insurance Accounts Payable Unearned Service Revenue Share Capital Ordinary Di...

CHENG COMPANY LTD Trial Balance December 31 2017 Debit Credi ...

An inexperienced bookkeeper prepared the following trial balance. Prepare a correct trial balance, assuming all account balances

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An inexperienced bookkeeper prepared the following trial balance. Prepare a correct trial balance, assuming all account balances are normal.

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Financial Accounting

ISBN: 978-1118978085

IFRS 3rd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Apr 07, 2017 10:56 AM

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An inexperienced bookkeeper prepared the following trial balance. Prepare a correct trial balance, assuming all account balances

Question:

CHENG COMPANY LTD Trial Balance December 31, 2017 Debit £16,800 Credit Cash Prepaid Insurance Accounts Payable Unearned Service Revenue Share Capital-Ordinary Dividends Service Revenue Salaries and Wages Expense Rent Expense 3,500 3,000 4,200 13,000 4,500 25,600 18,600 2,400 £52,000 £39,600

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