Suppose you are told that the following incorrect trial balance contains a slide where someone accidentally listed
Question:
Suppose you are told that the following incorrect trial balance contains a slide— where someone accidentally listed one of the account balances wrong. How would you go about finding the error? What should be corrected?
Transcribed Image Text:
SHINY FLOOR CLEANING Incorrect Trial Balance December 31, 2022 Account Title Cash Accounts receivable Supplies Equipment Accounts payable S. Shaw, capital S. Shaw, withdrawals Cleaning revenue Supplies expense Total Debit $13,000 12,500 7,500 200 5,000 6,000 $44,200 Credit $ 1,000 15,000 30,000 $46,000
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answer To find the error in the incorrect trial balance we can follow these steps 1 Calculate the di...View the full answer
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Related Book For
Horngrens Accounting Volume 1
ISBN: 9780136889373
12th Canadian Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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