The trial balance of Creative Child Care does not balance.
The following errors are detected:
a. Cash is understated by $1,400.
b. A $3,900 debit to Accounts Receivable was posted as a credit.
c. A $ 1,300 purchase of office supplies on account was neither journalized nor posted.
d. Equipment was incorrectly transferred from the ledger as $84,300. It should have been transferred as $76,500.
e. Salaries Expense is overstated by $300.
£ A $200 cash payment for advertising expense was neither journalized nor posted.
g. A $240 cash dividend was incorrectly journalized as $2,400.
h. Service Revenue was understated by $4,500.
i. A 12-month insurance policy was posted as a $1,800 credit to Prepaid Insurance. Cash was posted correctly.
Prepare the corrected trial balance as of August 31, 2017. Journal entries are not required.

  • CreatedJune 12, 2015
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