(5) Prepare a corrected trial balance for S. Lab Company. All accounts should have a normal...

 

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(5) Prepare a corrected trial balance for S. Lab Company. All accounts should have a normal balance. STEROELAB COMPANY Trial Balance For the Year Ended 3/31/2022 Cash Debit $14,000 Credit Accounts Receivable< $ 23,000 Prepaid Insurance 2,500 Equipment 60,000 Accounts Payable 15,000 Unearned Service Revenue 10,000 Notes Payable 25,000 Owner's Capital 38,000 Owner's Drawings 1,500 Service Revenue 43,000 Salaries and Wages Expense 15,000 Utilities Expense 5,000 Rent Expense 10,000 $116.500 $145,500 (5) Prepare a corrected trial balance for S. Lab Company. All accounts should have a normal balance. STEROELAB COMPANY Trial Balance For the Year Ended 3/31/2022 Cash Debit $14,000 Credit Accounts Receivable< $ 23,000 Prepaid Insurance 2,500 Equipment 60,000 Accounts Payable 15,000 Unearned Service Revenue 10,000 Notes Payable 25,000 Owner's Capital 38,000 Owner's Drawings 1,500 Service Revenue 43,000 Salaries and Wages Expense 15,000 Utilities Expense 5,000 Rent Expense 10,000 $116.500 $145,500

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