Question

The trial balance of Yellow Car Sales, Inc., at June 30, 2014, does not balance.


The accounting records hold the following errors:
a. Recorded a $600 cash revenue transaction by debiting Accounts Receivable. Te credit entry was correct.
b. Posted a $3,000 credit to Accounts Payable as $300.
c. Did not record utilities expense or the related account payable in the amount of $650.
d. Understated Common Stock by $200.
e. Omitted Insurance Expense of $1,800 from the trial balance.

Requirement
Prepare the correct trial balance at June 30, 2014, complete with a heading. Journal entries are notrequired.


$1.99
Sales0
Views93
Comments0
  • CreatedJuly 25, 2014
  • Files Included
Post your question
5000