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An inexperienced bookkeeper prepared the following trial balance. Prepare a correct trial balance, assuming all account balances are normal.

 

WALTER COMPANY

 
 

Trial Balance

 
 

December 31,2012

 
 

Debit

Credit

Cash

10800

 

Prepaid Insurance

 

3500

Accounts Payable

 

3000

Unearned Service Revenue

2200

 

Owner’s Capital

 

9000

Owner’s Drawings

 

4500

Service Revenue

 

25600

Salaries and Wages Expense

18600

 

Rent Expense

 

2400

 

31600

48000

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