Identify the errors in the following trial balance. All accounts have normal balances. Ensemble Co. Unadjusted...
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Identify the errors in the following trial balance. All accounts have normal balances. Ensemble Co. Unadjusted Trial Balance For the Year Ending December 31, 20Y8 Cash Accounts Receivable Prepaid Insurance Equipment Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Service Revenue Salary Expense Advertising Expense Miscellaneous Expense Debit Balances Credit Balances 78,100 36,990 522,000 19,730 341,760 15,620 170,960 13,150 263,700 184,200 62,460 821,900 74,790 After identifying the errors, prepare a corrected unadjusted trial balance. For those boxes in which no entry is required, leave the box blank. Ensemble Co. Unadjusted Trial Balance December 31, 2018 Cash Accounts Receivable. Prepaid Insurance: Equipment Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Service Revenue Debit Balances Credit Balances Salary Expense Advertising Expense Miscellaneous Expense Identify the errors in the following trial balance. All accounts have normal balances. Ensemble Co. Unadjusted Trial Balance For the Year Ending December 31, 20Y8 Cash Accounts Receivable Prepaid Insurance Equipment Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Service Revenue Salary Expense Advertising Expense Miscellaneous Expense Debit Balances Credit Balances 78,100 36,990 522,000 19,730 341,760 15,620 170,960 13,150 263,700 184,200 62,460 821,900 74,790 After identifying the errors, prepare a corrected unadjusted trial balance. For those boxes in which no entry is required, leave the box blank. Ensemble Co. Unadjusted Trial Balance December 31, 2018 Cash Accounts Receivable. Prepaid Insurance: Equipment Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Service Revenue Debit Balances Credit Balances Salary Expense Advertising Expense Miscellaneous Expense
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Calculate the Retained Earnings balance Retained Earn... View the full answer
Related Book For
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Posted Date:
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