An inexperienced bookkeeper prepared the following trial balance. Prepare a correct trial balance, assuming all account balances are normal.
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WALTER COMPANY
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Trial Balance
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December 31,2012
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Debit
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Credit
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Cash
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10800
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Prepaid Insurance
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3500
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Accounts Payable
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3000
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Unearned Service Revenue
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2200
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Owner’s Capital
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9000
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Owner’s Drawings
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4500
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Service Revenue
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25600
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Salaries and Wages Expense
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18600
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Rent Expense
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2400
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31600
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48000
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