An inexperienced bookkeeper prepared the following trial balance. Prepare a correct trial balance, assuming all account balances
Question:
An inexperienced bookkeeper prepared the following trial balance. Prepare a correct trial balance, assuming all account balances are normal.
Transcribed Image Text:
ERIKA COMPANY Trial Balance December 31, 2019 Debit Credit $16,800 Cash Prepaid Insurance Accounts Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries and Wages Expense Rent Expense $ 3,500 3,000 4,200 13,000 4,500 25,600 18,600 2,400 $52,000 $39,600
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
ERIKA COMPANY Trial Balance December 31 2019 Debit Credit Cash 16800 Prepaid Insurance 3500 A...View the full answer
Answered By
Chiranjib Thakur
I have no tutoring experience yet, but I can share my skills and knowledge gained from my education and work experiences. I have been a CPA since 2012 with 6 years of work experience in internal auditing and 4 years of work experience in accounting at the supervisory level.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Financial Accounting
ISBN: 978-1119305736
10th edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
Question Posted:
Students also viewed these Cost Accounting questions
-
An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances arenormal. PETTENGILL COMPANY Trial Balance...
-
An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances arenormal. CINELLI COMPANY Trial Balance...
-
An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances arenormal. PELICAN COMPANY Trial Balance...
-
Determine whether the given set of matrices under the specified operation, matrix addition or multiplication, is a group. Recall that a diagonal matrix is a square matrix whose only nonzero entries...
-
Hot Heat Steam Cleaning performs services on account. When a customer account becomes four months old, Hot Heat converts the account to a note receivable. During 2012, the company completed the...
-
Show that over one complete cycle, the average value of a sin 2 t is 1/2. Use the trigonometric identity sin 2 t = (1 cos 2t)/2.
-
A neutron star is an object with a mass of about \(1.4 M_{\odot}\), where the solar mass \(M_{\odot}=2 \times 10^{30}\) \(\mathrm{kg}\). The neutron star is aggregated to have density equal to that...
-
A dress-making operation is being designed as an assembly line. Table shows the tasks that need to be performed, their task times, and preceding tasks. If the goal is to produce 30 dresses per hour,...
-
1 2 34 What is "SWOT analysis? How do you carry it for a technical educationalinstitute? What is corporate planning? Explain the process of corporate planning? Discuss the process of strategy...
-
The proportion of individuals with an Rh-positive blood type is 85%. You have a random sample of n = 500 individuals. a. What are the mean and standard deviation of , the sample proportion with...
-
Ashley Hirano, the bookkeeper for New York Company, has been trying to develop the correct balance sheet for the company. The company's balance sheet is shown below. Instructions Explain to Ashley...
-
From the ledger balances given below, prepare a trial balance for the Favre Company at June 30, 2019. List the accounts in the order shown on page 71 of the textbook. All account balances are normal....
-
Let F be the fluid force on a side of a semicircular plate of radius r meters, submerged vertically in water so that its diameter is level with the waters surface (Figure 9). (a) Show that the width...
-
Mudvayne, Inc. is trying to determine its cost of debt. The firm has a debt issue outstanding with 18 years to maturity that is quoted at 107 percent of face value. The issue makes semiannual...
-
why is the 4th Amendment so important in criminal law? 2. what are some examples of protected symbolic speech?
-
A sealed vessel holds a quantity of oxygen gas at a temperature of 99.7C and a pressure of 3.99atm. 50% Part (a) Beginning from the state of the gas as specified in the problem statement, the volume...
-
discuss the ethical, legal, and societal implications (ELSI) of biotechnological advancements such as genome editing, genetic engineering, and bioproduction, including considerations of biosafety,...
-
What did you learn? (For example, consider what you may have learned about criminal law, the concept of crime, and criminal liability.) What surprised you? What impact did the interview have on your...
-
Youve been named captain of NASAs first interstellar mission since the Voyager robotic spacecraft. You board your spaceship, accelerate quickly to 0.8c, and cruise at constant speed toward Proxima...
-
In the busy port of Chennai, India, the number of containers loaded onto ships during a 15-week period is as follows: 1. Develop a linear trend equation to forecast container loadings. 2. Using the...
-
Learn about the Securities and Exchange Commission (SEC). Address: www.sec.gov/index.html Step From the SEC homepage, choose About the SEC. Answer the following questions: (a) How many enforcement...
-
Puebla Corporation is a medium-sized hotel corporation. It has ten stockholders, who have been paid a total of $1 million in cash dividends for eight consecutive years. The policy of the board of...
-
Using the following data from the comparative balance sheet of Solais Bed & Breakfast, illustrate horizontalanalysis. Accounts receivable Inventory Total assets December 31, 2008 $ 540,000 S 840,000...
-
The first page of the My Autobiographical Playlist Document is for you to share your album cover , which can be drawn or created digitally. The remaining pages of the My Autobiographical Playlist...
-
Georgina is almost ready to graduate from high school. She has earned good grades and has participated in several science competitions while in high school. Her parents have encouraged her to learn...
-
PowerPoint is a visual aid for many speakers. Discuss some points to remember when adding text to a PowerPoint presentation. How do they help make the experience better for the audience and the...
Study smarter with the SolutionInn App