9 An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming allaccount balances are normal.CashPrepaid InsuranceAccounts PayableUnearned Service RevenueCommon StockRetained EarningsDividendsService RevenueSalaries and Wages ExpenseRent ExpenseCashBlossom CompanyTrial BalanceDecember 31, 2025Prepaid InsuranceAccounts PayableUnearned service revenueCommon StockRetained earningsDividendsService RevenueSalaries and wages ExpenseRent expenseDebit$45,0004,11012,040$61,150Credit$5,0004,25034,0005,0507,56027,1004,910$87,870BLOSSOM COMPANYTrial BalanceDecember 31, 2025SA$Debit45,0005,0007,56012,0404,910CreditYOU4,2504,11027,100

Trial balance is a statement in which closing balance of all ledger accounts are transferred. This…

An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances are normal. Cash Prepaid Insurance Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense Cash Prepaid Insurance Blossom Company Trial Balance December 31, 2025 Debit $45,000 Accounts Payable Unearned service revenue Common Stock Retained earnings Dividends Service Revenue Salaries and wages Expense Rent expense 4,110 12,040 $61,150 Credit $5,000 4,250 34,000 5,050 7,560 27,100 4,910 $87,870 BLOSSOM COMPANY Trial Balance December 31, 2025 Debit 45,000 5,000 7,560 12,040 4,910 $ Credit DODONACO 4,250 4,110 27,100

An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances are normal. Cash Prepaid Insurance Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense Cash Prepaid Insurance Blossom Company Trial Balance December 31, 2025 Debit $45,000 Accounts Payable Unearned service revenue Common Stock Retained earnings Dividends Service Revenue Salaries and wages Expense Rent expense 4,110 12,040 $61,150 Credit $5,000 4,250 34,000 5,050 7,560 27,100 4,910 $87,870 BLOSSOM COMPANY Trial Balance December 31, 2025 Debit 45,000 5,000 7,560 12,040 4,910 $ Credit DODONACO 4,250 4,110 27,100

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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