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

WALTER COMPANY Trial Balance December 31, 2012 Debit Credit $10,800 Cash $ 3,500 Prepaid Insurance Accounts Payable 3.000 2.200 Unearned Service Revenue Owner's Capital Owner's Drawings 9,000 4,500 Service Revenue 25,600 18,600 Salaries and Wages Expense Rent Expense 2,400 $31,600 $48,000