An inexperienced bookkeeper prepared the following trial balance. Prepare a correct trial balance, assuming all account balances are normal.
HUEWITT COMPANY Trial Balance December 31, 2014
|
Cash |
Debit |
Credit |
|
$10,800 |
||
|
Prepaid Insurance |
$ 3,500 |
|
|
Accounts Payable |
3,000 |
|
|
Unearned Service Revenue |
2,200 |
|
|
Owner’s Capital |
9,000 |
|
|
Owner’s Drawings |
4,500 |
|
|
Service Revenue |
25,600 |
|
|
Salaries and Wages Expense |
18,600 |
|
|
Rent Expense |
2,400 |
|
|
$31,600 |
$48,000 |