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An inexperienced bookkeeper prepared the following trial

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An inexperienced bookkeeper prepared the following trial balance. Prepare a correct trial balance, assuming all account balances are normal.

 

WALTER COMPANY

  
 

Trial Balance

  
 

December 31,2012

  
 

Debit

Credit

Cash

10800

  

Prepaid Insurance

  

3500

Accounts Payable

  

3000

Unearned Service Revenue

2200

  

Owner’s Capital

  

9000

Owner’s Drawings

  

4500

Service Revenue

  

25600

Salaries and Wages Expense

18600

  

Rent Expense

  

2400
 

31600

48000

Reference no: EM13972435

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