Question

The following trial balance of Carla Madock Tutoring Service as of May 31, 2016, does not balance.
Investigation of the accounting records reveals that the bookkeeper:
a. Recorded a $600 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 $300.
d. Understated Common Stock by $900.
Prepare the corrected trial balance as of May 31, 2016, complete with a heading; journal entries are not required.


$1.99
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  • CreatedJune 12, 2015
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