Question: Errors in Trial Balance Identify the errors in the following trial balance. All accounts have normal balances. Ensemble Co. Unadjusted Trial Balance For the Year


Errors in Trial Balance Identify the errors in the following trial balance. All accounts have normal balances. Ensemble Co. Unadjusted Trial Balance For the Year Ending December 31, 2048 Debit Balances Credit Balances Cash 80,600 Accounts Receivable 176,470 Prepaid Insurance 38,180 Equipment 539,000 Accounts Payable 20,360 Salaries Payable 13,570 Common Stock 278,200 Retained Earnings 184,200 Dividends 64,480 Service Revenue 848,400 Salary Expense 352,680 Advertising Expense 77,200 Miscellaneous Expense 16,120 1,642,520 1,642,520 After identifying the errors, prepare a corrected unadjusted trial balance. For those boxes in which no entry is required, leave the box blank. Ensemble Co. Ensemble Co. Unadjusted Trial Balance December 31, 2048 Debit Balances Credit Balances Cash Accounts Receivable Prepaid Insurance Equipment Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Service Revenue Salary Expense Advertising Expense Miscellaneous Expense
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