PRACTICE EXERCISE 6 Jillian Wai, a bookkeeping trainee, is unable to balance the trial balance below...
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PRACTICE EXERCISE 6 Jillian Wai, a bookkeeping trainee, is unable to balance the trial balance below and has asked for your help. Fix the errors and calculate new totals to prove equal debits and credits. ACCOUNT 101 Bank 104 Investment in Bonds 110 Accounts Receivable 121 Insurance Prepaid 130 Land 135 Building 160 Equipment 201 Accounts Payable 211 Mortgage Payable 301 Capital, Jerri Adamson 401 Sales Revenue 410 Interest Revenue 501 Purchases 504 Rent Expense 508 Property Tax Expense 511 Supplies Expense 515 Interest Expense 519 Utilities Expense Adamson Company Trial Balance February 28, 20- DEBIT 74 0 0 00 13 7 9 5 00 7 2 0 00 130 0 0 0 00 45 0 0 0 00 50 0 40 00 1 200 00 455 00 3 20 00 249 9 3 0 00 1 CREDIT 5000 00 30 0 0 0 00 15 000 00 10 8 0 0 00 130 0 0 0 00 75 8 7 5 00 75 5 00 600 000 15 00 00 274 9 3 0 00 PRACTICE EXERCISE 6 Jillian Wai, a bookkeeping trainee, is unable to balance the trial balance below and has asked for your help. Fix the errors and calculate new totals to prove equal debits and credits. ACCOUNT 101 Bank 104 Investment in Bonds 110 Accounts Receivable 121 Insurance Prepaid 130 Land 135 Building 160 Equipment 201 Accounts Payable 211 Mortgage Payable 301 Capital, Jerri Adamson 401 Sales Revenue 410 Interest Revenue 501 Purchases 504 Rent Expense 508 Property Tax Expense 511 Supplies Expense 515 Interest Expense 519 Utilities Expense Adamson Company Trial Balance February 28, 20- DEBIT 74 0 0 00 13 7 9 5 00 7 2 0 00 130 0 0 0 00 45 0 0 0 00 50 0 40 00 1 200 00 455 00 3 20 00 249 9 3 0 00 1 CREDIT 5000 00 30 0 0 0 00 15 000 00 10 8 0 0 00 130 0 0 0 00 75 8 7 5 00 75 5 00 600 000 15 00 00 274 9 3 0 00
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Related Book For
Accounting Introduction To Financial Accounting
ISBN: 9781517089719
1st Edition
Authors: Henry Dauderis, David Annand
Posted Date:
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