Prepare a corrected trial balance

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Question - Oakland Floor Coverings reported the following summarized data at December 31, 2013. Accounts appear in no particular order.

Accounts Debit Credit

Building $77,000

Accounts Receivable 9,000

Prepaid expense 2,700

Cash 10,340

Equipment 37,500

Land 38,000

Insurance expense 1,040

Depreciation expense 4,400

Interest expense 1,600

Owner's capital $67,000

Accumulated depreciation- Building 22,000

Accounts Payable 7,400

Notes Payable 60,000

Accumulated depreciation- Equipment 11,000

Interest payable 1,600

Service revenues 12,580

Total $2,08,100 $155,060

Requirement - Prepare a corrected trial balance?

Reference no: EM132912470

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