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; and (6) each account has a normal balance. Prepare a corrected unadjusted trial balance.

Transcribed Image Text:

Ranger Co. Unadjusted Trial Balance August 31, 20Y7 Debit Balances Credit Balances 77,600 37,750 Cash.... Accounts Receivable.. 12,000 Prepaid Insurance. Equipment.... Accounts Payable.. Unearned Rent... Carmen Meeks, Capital.. 19,000 29,100 10,800 110,000 13,000 Carmen Meeks, Drawing... 385,000 Fees Earned... 213,000 Wages Expense... Advertising Expense.. Miscellaneous Expense.. 16,350 18,400 668,300 273,700