Review Francis Nangle Travel Designs trial balance. Assume that Nangle accidentally listed dividends as $300 instead of
Question:
Requirement
1. Compute the incorrect trial balance totals for debits and credits. Then show how to correct this error, which is called aslide.
Transcribed Image Text:
FRANCIS NANGLE TRAVEL DESIGN Trial Balance January 31, 2012 Balance Debit Credit Account Title $ 20,000 Cash Accounts receivable 1,000 Office supplies Land 500 12,000 Accounts payable 100 Common stock 31,000 Dividends 300 8,700 Service revenue Rent expense, computer Rent expense, office Salary expense 700 1,200 1,200 Utilities expense 200 Total
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
Req 1 Francis Nangle Travel Design Incorrect Trial Balance January 31 ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
Question Posted:
Students also viewed these Accounting questions
-
1) To close a partners drawings account, an entry must be made that: Select one: a. No entry b. credits that partners drawings account and debit that partners capital account c. debits that partners...
-
You are the managing Director of Multiple (PTY) Ltd, a company based in Angola. Multiple is looking to penetrate the Botswanan market and decides to do this via the acquisition of an already...
-
A total weighted score of in an External Factor Evaluation (EFE) Matrix indicates that an organization is responding in an outstanding way to existing opportunities and threats in its industry. Oa....
-
The Converting Department of Hopkinsville Company had 1,200 units in work in process at the beginning of the period, which were 25% complete. During the period, 16,000 units were completed and...
-
Refer to Exercise 91. a. Calculate and interpret the mean of R. b. Calculate and interpret the standard deviation of R. Exercise 91. Thousands of travelers pass through the airport in Guadalajara,...
-
Find the probability density function of the random variable \(Z\) in terms of the known density function \(p_{U}(u)\) when (a) \(z=a u+b\), where \(a\) and \(b\) are real constants. (b)...
-
At January 1, 2016, Hilly Mountain Flagpoles had Accounts Receivable of $31,000, and Allowance for Bad Debts had a credit balance of $3,000. During the year, Hilly Mountain Flagpoles recorded the...
-
What is the impact of computational quantum chemistry, particularly density functional theory (DFT), on the prediction and design of novel homogeneous catalysts with enhanced activity and selectivity...
-
Alert Security Services Co. offers security services to business clients. Complete the following end-of-period spreadsheet for Alert Security Services Co.: A B D E 1 Alert Security Services Co....
-
Oakland Floor Coverings, Inc., reported the following summarized data at December 31, 2012. Accounts appear in no particular order. Requirement 1. Prepare the trial balance of Oakland Floor Coverings...
-
Review basic accounting definitions by completing the following crossword puzzle. Down: 1. Right side of an account 4. The basic summary device of accounting 6. Book of accounts 7. An economic...
-
Sparrow Company uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2018 are as follows: The company records sales net of employee discounts. Discounts for...
-
Year 1 2 3 Amount ($) 2000 3000 4000 An investment made today will pays you the above cash flows at the end of each year. If your required rate of return is 5% annual interest, how much will you pay...
-
1. What is ISO 9000? How is it different from ISO 9001? 2. Explain the history of revisions. 3. How many sections are in ISO 9001? Briefly describe each section.
-
As more developing countries are moving into the middle-income group, few graduates to develop country status (high-income group). The developing countries can get 'stuck in the middle' or they are...
-
The figure below shows the time dependence of velocity. Do the following: 1. Plot the acceleration and displacement with respect to time. Assume, the initial 4 4 v (m/s) + t t 10 18 coordinate is...
-
1. Must the shipper provide a specific form to be used for shipping instructions? 2. When does the carrier's liability begin when the transfer of property is not direct? 3. When does carrier...
-
Benchmarks should be __________. A. broad, not specific B. associated with the strategys success C. outside the firms control D. all of the above
-
Why do bars offer free peanuts?
-
Examine the following illustrations of NaCl and AgCl dissolving in water. At the molecular level, explain why NaCl is more soluble than AgCl.
-
Qwik Repairs has over 200 auto-maintenance service outlets nationwide. It provides primarily two lines of service: oil changes and brake repair. Oil changerelated services represent 70% of its sales...
-
Express Delivery is a rapidly growing delivery service. Last year, 80% of its revenue came from the delivery of mailing pouches and small, standardized delivery boxes (which provides a 20%...
-
Palmer Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below are unit cost and sales data. Fixed costs are $630,000. Instructions (a) Compute...
-
The wheels of a skateboard roll without slipping as it accelerates at 0.45 m/s down an 80-m-long hill. Part A If the skateboarder travels at 1.5 m/s at the top of the hill, what is the average...
-
A 2.30 g air-inflated balloon is given an excess negative charge, q = -3.50 10-8 C, by rubbing it with a blanket. It is found that a charged rod can be held above the balloon at a distance of d =...
-
A positive charge q = 2.60 C on a frictionless horizontal surface is attached to a spring of force constant k as in the figure shown below. When a charge of 42 = -8.350 C is placed 9.50 cm away from...
Study smarter with the SolutionInn App