An inexperienced bookkeeper prepared the following trial balance. Prepare a correct trial balance, assuming all account balances
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CAPPSHAW COMPANY Trial Balance December 31, 2017 Debit Credit Cash Prepaid Insurance Accounts Payable Unearned Service Revenue Owners Capital Owners Drawings Service Revenue Salaries and Wages Expense Rent Expense $10,800 3,500 3,000 2,200 9,000 4,500 25,600 18,600 2,400 $48,000 $31,600
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Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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