Answer:
DEBIT SIDE $51,870
CREDIT SIDE $51,870
Explanation:
Preparation of the correct trial balance,
Trial balance
DEBIT SIDE
Dr Cash 22,720
Dr Prepaid insurance 4,860
Dr Dividends 7,020
Dr Salaries and wages expense 12,580
Dr Rent expense 4,690
TOTAL $51,870
CREDIT SIDE
Cr Account payable 4,420
Cr Unearned service revenue 3,890
Cr Common Stock 10,000
Cr Retained Earnings 6,600
Cr Service revenue 26,960
TOTAL $51,870
Therefore the corrected trial balance DEBIT SIDE is $51,870 while the CREDIT SIDE is $51,870
