6- The new accountant created a trial balance which is out of balance. Your task...
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6- The new accountant created a trial balance which is out of balance. Your task is to correct the error and balance. All accounts should have a normal balance. Fill in the missing accounts. McCoy Company Trial Balance For the Quarter Ended March 31, 2022 Debit Credit Cash $28,000 Accounts Receivable $32,000 Prepaid Insurance Equipment Accounts Payable 2,500 60,000 15,000 Unearned Service Revenue 10,000 Notes Payable Common Stock 20,000 30,000 Retained Earnings 27,000 Dividends 1,500 Service Revenue 52,000 Salaries and Wages Expense Utilities Expense Rent Expense 15,000 5,000 10,000 $157,500 Total balance $150,500 Answer McCoy Company Trial Balance For the Quarter Ended March 31, 2022 Debit Credit Cash Accounts Receivable Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Utilities Expense Rent Expense Total Balance $154,000 $154,000
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