Assume that there is only one transposition error in the following trial balance. Identify the incorrect amount,
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FISHER SERVICES Trial Balance December 31, 2014 $ 2,500 Cash Accounts receivable 4,150 Supplies Accounts payable R. Fisher, capital R. Fisher, withdrawals 375 $3,850 1,025 500 5,000 Service fees earned 475 Insurance expense Salaries expense Utilities expense 3,100 575 Total $11,675 $9,875
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Transposition errors are divisible by 9 The difference is 1800 11675 9875 whi...View the full answer
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Related Book For
Accounting Volume 1
ISBN: 978-0132690096
9th Canadian edition
Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
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