The following trial balance that was prepared by the bookkeeper of Mason Company does not balance. Required:
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Prepare a correct trial balance. Assume all accounts have normal balances.
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Mason Company Trial Balance December 31, 2019 Debit Credit $20,000 Cash S 3,000 1,500 1,200 Accounts Payable Insurance Expense Supplies Accounts Receiva ble Salaries Payable Notes Payable Common Stock 10,300 1,900 3,100 10,000 2,000 Dividends Retained Eamings Service Revenue Unearned Service Revenue 8,000 19,200 2,100 Prepaid Insurance Salaries Expense Supplies Expense 1,900 9,500 900 $46,400 $48,200
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