Identify the errors in the following trial balance. All accounts have normal balances.
|
Hybrid Co. Unadjusted Trial Balance For the Month Ending October 31, 2008 |
||
|
|
Debit |
Credit |
|
Balances |
Balances |
|
|
Cash |
22,500 |
|
|
Accounts Receivable |
49,200 |
|
|
Prepaid Insurance |
10,800 |
|
|
Equipment |
150,000 |
|
|
Accounts Payable |
5,550 |
|
|
Salaries Payable . |
|
3,750 |
|
Nolan Towns, Capital |
|
129,600 |
|
Nolan Towns, Drawing |
|
18,000 |
|
Service Revenue |
|
236,100 |
|
Salary Expense |
98,430 |
|
|
Advertising Expense |
21,600 |
|
|
Miscellaneous Expense |
4,470 |
|
|
458,250 |
458,250 |
|