The intern has prepared the following trial balance for the month of March. KL Company Inc....

 

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The intern has prepared the following trial balance for the month of March. KL Company Inc. Unadjusted Trial Balance March 31, 20Y3 Debit Balances Account Title Cash Accounts Receivable Supplies Office Equipment Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Fees Earned Rent Expense Wages Expense 23,875 1,925 18,500 1,750 1,425 3,200 50,675 Credit Balances 4,000 18,500 12,500 1,925 9,875 3,625 50,425 Unequal Totals was prepared by the intern. The intern is puzzled by the unequal totals. Prepare a corrected trial balance The intern has prepared the following trial balance for the month of March. KL Company Inc. Unadjusted Trial Balance March 31, 20Y3 Debit Balances Account Title Cash Accounts Receivable Supplies Office Equipment Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Fees Earned Rent Expense Wages Expense 23,875 1,925 18,500 1,750 1,425 3,200 50,675 Credit Balances 4,000 18,500 12,500 1,925 9,875 3,625 50,425 Unequal Totals was prepared by the intern. The intern is puzzled by the unequal totals. Prepare a corrected trial balance

Answer rating: 100% (QA)

To prepare a corrected trial balance we need to ensure that the total debits equal the total credits ... View the full answer