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iris [78.8K]
3 years ago
14

The following preliminary unadjusted trial balance of Ranger Co., sports ticket agency, Errors in trial balance

Business
1 answer:
sp2606 [1]3 years ago
6 0

Answer and Explanation:

The preparation of the corrected un-adjusted trial balance is presented below:

<u>Particulars                  Dr Amount               Cr Amount</u>

Cash                            $15,500  

Accounts Receivable $46,750  

Prepaid Insurance      $12,000  

Equipment                   $190,000  

Accounts payable                                           $24,600  

Unearned rent                                                $5,400  

Common stock                                               $40,000  

Retained Earnings                                           $70,000  

Dividends                    $13,000  

Service Revenue                                              $385,000  

Wages expense           $213,000  

Advertising expense   $16,350  

Miscellaneous expense $18,400  

<u>Total                                $525,000                  $525000 </u>

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