Assume that there is only one transposition error in the following trial balance Identify the incorrect amount, and correct the trial balance FISHER SERVICES Trial Balance December 31, 2014 $ 2,500 Cash Accounts receivable 4,150 Supplies Accounts payable R Fisher, capital R Fisher, withdrawals 375 ...

Transposition errors are divisible by 9 The difference is 1800 11675 9875 whi ...

Assume that there is only one transposition error in the following trial balance. Identify the incorrect amount,

Question:

Assume that there is only one transposition error in the following trial balance. Identify the incorrect amount, and correct the trial balance.

FISHER SERVICES Trial Balance December 31, 2014 $ 2,500 Cash Accounts receivable 4,150 Supplies Accounts payable R. Fish

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting Volume 1

ISBN: 978-0132690096

9th Canadian edition

Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood

Question Posted: Sep 16, 2017 07:50 AM

See More Questions

Assume the same facts as in Exercise 21.11. Now assume that there is only one trigger point, the completion of good finished units of product, which are debited to Finished Goods Control at standard...
At a border inspection station, vehicles arrive at the rate of 10 per hour in a Poisson distribution. For simplicity in this problem, assume that there is only one lane and one inspector, who can...
For the four basic configurations that follow, assume that the market is demanding product that must be processed by both Resource X and Resource Y for Cases I, II, and III. For Case IV, both...
On 1/1/22, lmani and Ahmad formed AI Partnership, a limited partnership. lmani will be the general partner and Ahmad will be a limited partner. He will not participate in management of the...
Revenue Recognition on Marina Sales with Discounts Taylor Marina has 300 available slips that rent for $800 per season. Payments must be made in full at the start of the boating season, April 1,...
Dukane Company expects to produce 1.2 million units of product XX in 2016. Monthly production is expected to range from 80,000 to 120,000 units. Budgeted variable manufacturing costs per unit are as...
Explain precondition and post-condition by examples.
Neil Brown is the proprietor of a small company. The results of operations for last year are shown, along with selected balance sheet data. From the information provided, determine the amount of net...
3; when = Let A = [a] 33 be such that = 0; ' [det (adj (adjA)) then equals to: 5
The input is a collection of currencies and their exchange rates. Is there a sequence of exchanges that makes money instantly? For instance, if the currencies are X, Y, and Z and the exchange rate is...
After closing its accounts at March 31, 2014, Watts Home Services had the following balances: Prepare Watts Home Services' post closing trial balance at March 31, 2014. List accounts in proper order,...
The trial balance of Brighter Testing Services appears here. Additional information at September 30, 2014: a. The business had sales that were not recorded yet in the amount of $840. It must accrue...
In Problems 79126, factor each polynomial completely. If the polynomial cannot be factored, say it is prime. x + 2x x - 2
Why is social media research valuable for marketers? How do marketers use it?
Identify a social media campaign for a favorite brand. In what experiences does the campaign invite you to take part? In what zones does the strategy lie? Does the campaign include share technologies...
How do you avoid the dangling else problem?
How do social shoppers use social media as they move through the consumer decision-making process? Which social commerce elements should marketers employ to meet social shoppers needs?
How can organizations structure themselves to support social media marketing?
When using the ArithmeticProgression class of Section 2.4.2 with an increment of 128 and a start of 0, how many calls to next can we make before we reach an integer of 2 63 or larger?
Keating & Partners is a law firm specializing in labour relations and employee-related work. It employs 25 professionals (5 partners and 20 managers) who work directly with its clients. The average...
Canadian Tire Corporation, Limited is one of Canadas best-known retailers. Obtain a copy of Canadian Tires financial statements for each of the years ended December 30, 2017, and December 31, 2016,...
Brookfield Asset Management Inc. is a global publicly traded Canadian company. Obtain a copy of Brookfields financial statements for the year ended December 31, 2017, through SEDAR (www.sedar. com)...
Jamil Jonas is an accountant in public practice as a sole propreitor. Not long ago, Jamil struck a deal with his neighbour Ralph to prepare Ralphs business income tax and GST returns for 2020 in...
Apple has purchased land for $500,000 for their new factory. They make a down payment of $100,000, and the remainder is financed at (AAA+10) percent compounded semi-annually with semi-annual payments...
Task: Sarah is a 32 year old accounting executive who recently married her partner of 6 years, Austin. Sarah and Austin have decided they would like to try for a baby. Sarah has concerns around her...
Suppose CORP generates $100M in revenue by selling products currently in the firm's inventory. The sales are paid in cash and have a COGS of $80M. What is the effect of these sales on CORP's NOPAT...

Assume that there is only one transposition error in the following trial balance. Identify the incorrect amount,

Question:

FISHER SERVICES Trial Balance December 31, 2014 $ 2,500 Cash Accounts receivable 4,150 Supplies Accounts payable R. Fisher, capital R. Fisher, withdrawals 375 $3,850 1,025 500 5,000 Service fees earned 475 Insurance expense Salaries expense Utilities expense 3,100 575 Total $11,675 $9,875

Step by Step Answer:

Transposition errors are divisible by 9 The difference is 1800 11675 9875 whi...View the full answer

Accounting Volume 1

Students also viewed these Cost Accounting questions