The following preliminary unadjusted trial balance of Ranger Co., a sports ticket agency, does not balance:

When the ledger and other records are reviewed, you discover the following:

(1) The debits and credits in the cash account total $77,600 and $62,100, respectively;

(2) A billing of $9,000 to a customer on account was not posted to the accounts receivable account;

(3) A payment of $4,500 made to a creditor on account was not posted to the accounts payable account;

(4) The balance of the unearned rent account is $5,400;

(5) The correct balance of the equipment account is $190,000;

(6) Each account has a normal balance. Prepare a corrected unadjusted trial balance.

Transcribed Image Text:

Ranger Co. Unadjusted Trial Balance August 31, 20Y1 Debit Balances Credit Balances Cash 77,600 ... Accounts Receivable. 37,750 Prepaid Insurance. Equipment...... Accounts Payable Unearned Rent. 12,000 19,000 29,100 10,800 Common Stock. Retained Earnings. 40,000 70,000 13,000 Dividends .. Service Revenue 385,000 Wages Expense . Advertising Expense.. Miscellaneous Expense 213,000 16,350 18,400 273,700 668,300