Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. an inexperience bookkeeper prepared the followi

1. An inexperience bookkeeper prepared the following trial balance. Prepared a correct trial balance, assuming...

70.2K

Verified Solution

Question

Accounting

1. An inexperience bookkeeper prepared the following trial balance. Prepared a correct trial balance, assuming all account balances are normal.

Erica Company

Trial balance

December 31, 2019.

debit credit

Cash $ 16, 800

Prepaid Insurance $3500

Account Payable 3000

Unearned Service Revenue 4200

Common Stock 13,000

Dividends 4,500

Service Revenue 25,600

Salaries and Wages Expense 18, 600

Rent Expense 2, 400

___________ ________

$39, 600 $ 52, 000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Explain the businesses allocates its costs when preparing jobcosting. (8 marks) University standard.Explain the...

Physics
1.2K views

In the figure shown a block A moving with velocity 10 m s on a...

Physics
1.2K views

The time dependence of a physical quantity p is given by p po exp at2...

Basic Math
1.2K views

Does the equation below represent a direct proportion? If yes, identify the constant of proportionality.y...

Algebra
1.2K views

The number of bank debit cards issued (inmillions) if given by the functionC(x)=-0.31x+5.8x2-15x +9, where...

Algebra
1.2K views

Find the inverse function of the function below f x 2 e 2

Accounting
1.2K views

The Bach Company provides the following standard cost data per unit of product: Direct material...

Accounting
1.2K views

Over the range of the number of units produced, costs can be classified as variable...

Accounting
1.2K views

96. X Company is considering conducting an immediate advertising campaign in order to increase sales...

Accounting
1.2K views

Tashiro Inc. has decided to use the high-low method to estimate the total cost and...

Accounting
1.2K views

How is the gross profit method used as it relates to inventory valuation? To verify...

Accounting
1.2K views

Chris is the owner of a small bookshop while Kelvin is an expert who provides...