Answer:
Debit Totals $ 52600
Credit Total $ 52600
Explanation:
CINELLI COMPANY
Trial Balance
December 31, 2014
Debit Credit
$ $
$ $
Cash $22,460
Prepaid Insurance $ 5,400
Accounts Payable 4,160
Unearned Service Revenue 4,340
Common Stock 10,000
Retained Earnings 6,600
Dividends 7,600
Service Revenue 27,500
Salaries and Wages Expense 12,000
Rent Expense 5,140
$ 52600 52600
Accounts Payable and Unearned Service Revenue are liabilities.
Prepaid Insurance is an asset account so it is debited.
Salaries and Wages Expense and Rent Expense are expense account and are debited.
Common Stock ,Retained Earnings and Service Revenue are credit accounts.
