Question: The following trial balance of Carla Madock Tutoring Service as

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.

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  • CreatedJune 12, 2015
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