An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances are normal.
|
PELICAN COMPANY |
||
|
Debit |
Credit |
|
|
Cash |
$20,800 |
|
|
Prepaid Insurance |
$ 3,500 |
|
|
Accounts Payable |
2,500 |
|
|
Unearned Service Revenue |
1,800 |
|
|
Common Stock |
10,000 |
|
|
Retained Earnings |
6,600 |
|
|
Dividends |
5,000 |
|
|
Service Revenue |
25,600 |
|
|
Salaries and Wages Expense |
14,600 |
|
|
Rent Expense |
2,600 |
|
|
$37,200 |
$55,800 |
|