Question

Question:The accountant for Countryside Painting Specialists is having a hard time preparing the trial balance as of November 30, 2018:

Account Title Debit Credit

Accounts Receivable 1,300

PaintingEquipment 13,500

Cash 12,100

Advertising Expense 550

Dividends 3,500

Accounts Payable 3,300

Rent Expense 1,800

Common Stock 15,000

Service Revenue 15,600

Unearned Revenue 1,700

Salaries Expense 2,400

Office Supplies 200

Utilities Expense 250

Total 48,600 22,600

Prepare the corrected trial balance as of November 30, 2018. Assume all amounts are correct and all accounts have normal balances.

Short answer

The advertising expense is the cost of promotion and the corrected trial balance is prepared with a total of$35,600

Step-by-step solution

Step-by-Step SolutionStep 1: Definition of advertising expense

The advertising expense is defined as the cost incurred by the business for the promotion of the product or the business

Preparation of corrected trial balance

COUNTRYSIDE PAINTING SPECIALISTS
Trial Balance
November 30, 2018
Accounts Titles	Debit ($)	Credit ($)
Painting Equipment	$13,500
Cash	$12,100
Accounts Receivables	$1,300
Advertising Expense	$550
Dividends	$3,500
Accounts Payable		$3,300
Rent Expense	$1,800
Common Stock		$15,000
Service Revenue		$15,600
Unearned Revenue		$1,700
Salaries Expense	$2,400
Office Supplies	$200
Utilities Expense	$250
Total	$35,600	$35,600