The following trial balance of Jeana Macintyre Tutoring Service as of May 31, 2024, does not...

   

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The following trial balance of Jeana Macintyre Tutoring Service as of May 31, 2024, does not balance. (Click the icon to view the trial balance.) hap... f Jeana Ma me trial bala cintyre Tuto Trial Balan May 31, 20 Data Table Account Title Cash Jeana Macintyre Tutoring Service Trial Balance May 31, 2024 Accounts Receivable Office Supplies Computer Equipment Accounts Payable Utilities Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense $ Debit Balance 2,800 2,000 600 15,800 10,200 1,700 800 HAA $ Credit 11,500 500 11,700 9,600 X veals on res May 3 More Info a. Recorded a $700 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct. b. Posted a $1,000 credit to Accounts Payable as $100. c. Did not record Utilities Expense or the related Utilities Payable in the amount of $400 d. Understated Common Stock by $400. Print Done I V The following trial balance of Jeana Macintyre Tutoring Service as of May 31, 2024, does not balance. (Click the icon to view the trial balance.) hap... f Jeana Ma me trial bala cintyre Tuto Trial Balan May 31, 20 Data Table Account Title Cash Jeana Macintyre Tutoring Service Trial Balance May 31, 2024 Accounts Receivable Office Supplies Computer Equipment Accounts Payable Utilities Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense $ Debit Balance 2,800 2,000 600 15,800 10,200 1,700 800 HAA $ Credit 11,500 500 11,700 9,600 X veals on res May 3 More Info a. Recorded a $700 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct. b. Posted a $1,000 credit to Accounts Payable as $100. c. Did not record Utilities Expense or the related Utilities Payable in the amount of $400 d. Understated Common Stock by $400. Print Done I V

Answer rating: 100% (QA)

Rectification of error a Dr Account Receivable b cr Account payabl... View the full answer