Current Attempt in Progress An inexperienced bookkeeper prepared the fo CONCORD COMPANY Trial Balance December 31, 2022
Current Attempt in Progress An inexperienced bookkeeper prepared the fo CONCORD COMPANY Trial Balance December 31, 2022
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter5: Sales And Receivables
Section: Chapter Questions
Problem 71E: Collection of Amounts Previously Written Off Customer Rob Hufnagel owes Kellman Corp. $1,250....
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
Transcribed Image Text:Current Attempt in Progress
An inexperienced bookkeeper prepared the following trial balance.
Cash
CONCORD COMPANY
Trial Balance
December 31, 2022
Prepaid Insurance
Accounts Payable
Unearned Service Revenue
Owner's Capital
Owner's Drawings
Service Revenue
Salaries and Wages Expense
Rent Expense
Debit
$13,800
5,200
21,600
$40,600
Credit
$3,500
12,000
7,500
28,600
5,400
$63,000

Transcribed Image Text:Prepare a correct trial balance, assuming all account balances are normal.
Totals
CONCORD COMPANY
Trial Balance
Debit
$
$
Credit
700
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