(Solution) - The following preliminary unadjusted trial balance of Ranger Co a -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1375

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The following preliminary unadjusted trial balance of Ranger Co., a sports ticket agency, does not balance:

When the ledger and other records are reviewed, you discover the following:
(1) The debits and credits in the cash account total $77,600 and $62,100, respectively;
(2) A billing of $9,000 to a customer on account was not posted to the accounts receivable account;
(3) A payment of $4,500 made to a creditor on account was not posted to the accounts payable account;
(4) The balance of the unearned rent account is $5,400;
(5) The correct balance of the equipment account is $190,000; and
(6) Each account has a normal balance. Prepare a corrected unadjusted trial balance.