Question 3) An inexperienced owner prepared the following trial balance that does not balance. Prepare acorrect trial balance (in correct form/order) assuming all accounts balances are normal.Service RevenueSuppliesDividendsAccounts PayableC.B. CompanyTrial BalanceSeptember 30, 2022DebitCashSalaries ExpenseAccumulated Depreciation-BuildingRent RevenueUnearned Service RevenueBuildingCommon StockPrepaid RentRetained EarningsRent Expense$80,20014,60029,40013,9001,80052,700Credit$65,3009,1005,0002,50048,2003,5006,6002,600

The trial balance is prepared at the end of the accounting period, it includes all the revenues,…

Question 3) An inexperienced owner prepared the following trial balance that does not balance. Prepare a correct trial balance (in correct form/order) assuming all accounts balances are normal. C.B. Company Trial Balance September 30, 2022 Debit Service Revenue Supplies Dividends Accounts Payable Cash Salaries Expense Accumulated Depreciation-Building Rent Revenue Unearned Service Revenue Building Common Stock Prepaid Rent Retained Earnings Rent Expense $80,200 14,600 29,400 13,900 1,800 52,700 Credit $65,300 9,100 5,000 2,500 48,200 3,500 6,600 2,600

Question 3) An inexperienced owner prepared the following trial balance that does not balance. Prepare a correct trial balance (in correct form/order) assuming all accounts balances are normal. C.B. Company Trial Balance September 30, 2022 Debit Service Revenue Supplies Dividends Accounts Payable Cash Salaries Expense Accumulated Depreciation-Building Rent Revenue Unearned Service Revenue Building Common Stock Prepaid Rent Retained Earnings Rent Expense $80,200 14,600 29,400 13,900 1,800 52,700 Credit $65,300 9,100 5,000 2,500 48,200 3,500 6,600 2,600

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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