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
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter5: Accounting Systems
Section: Chapter Questions
Problem 19E: After Bunker Hill Assay Services Inc. had completed all postings for March in the current year...
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