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Make a correct trial balance

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Reference no: EM132617026

Question - An inexperienced bookkeeper prepared the following trial balance.

LILY COMPANY Trial Balance December 31, 2020

Debit Credit

Cash $13,500

Prepaid Insurance $3,200

Accounts Payable 5,400

Unearned Service Revenue 4,600

Owner's Capital 11,700

Owner's Drawings 6,900

Service Revenue 28,300

Salaries and Wages Expense 21,300

Rent Expense 5,100

$39,400 $60,600

Required - Make a correct trial balance, assuming all account balances are normal.

Reference no: EM132617026

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