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Account Debit Credit Cash 23000 Accounts Receivable 49700 Prepaid insurance 11300 Equipment 150500 Accounts payable 6050...

Account Debit Credit
Cash 23000
Accounts Receivable 49700
Prepaid insurance 11300
Equipment 150500
Accounts payable 6050
Salaries Payable 4250
Common Stock 110,000
Dividends 18,500
Service Revenue 236,600
Salary expense 98,930
Miscellaneous expense 4970
424,020 424,020

1. IDENTIFY errors in trial balance. All accounts have normal balances.

2. Prepare a corrected trial balance

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