The trial balance of Kind Care Child Care, Inc., does not balance. The following errors are detected:

Question:

The trial balance of Kind Care Child Care, Inc., does not balance.

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The following errors are detected:

a. Cash is understated by \($2,000\).

b. A \($1,000\) debit to Accounts receivable was posted as a credit.

c. A \($1,400\) purchase of supplies on account was neither journalized nor posted.

d. Equipment’s cost is \($84,300\) not \($89,000\)

e. Salary expense is overstated by \($500\).
Requirement 

1. Prepare the corrected trial balance at April 30, 2012. Journal entries are not required.

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Related Book For  book-img-for-question

Financial And Managerial Accounting

ISBN: 9780135080191

2nd Edition

Authors: Charles T Horngren, Jr Walter T Harrison

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