Erin Danielle, the bookkeeper for New York Company, has been trying to get the balance sheet to

Question:

Erin Danielle, the bookkeeper for New York Company, has been trying to get the balance sheet to balance. The companyâ€™s balance sheet is shown below.

Instructions
Explain to Erin Danielle in a memo why the original balance sheet is incorrect, and what should be done to correctit.

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Related Book For book-img-for-question

Financial and managerial accounting

ISBN: 978-1118016114

1st edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Dec 29, 2012 03:28 AM

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Erin Danielle, the bookkeeper for New York Company, has been trying to get the balance sheet to

Question:

New York Company Balance Sheet For the Month Ended December 31, 2014 Assets Liabilities $22,500 9,000 2,000 (8,000) $25,500 Common stock Accounts receivable Retained earnings Notes payable $23,000 (6,000) (2,000) 0,500 $25,500 Equipment Cash Supplies s payable

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To Erin Danielle From Student I have received the balance sheet of New York Company as of December 3...View the full answer

Financial and managerial accounting

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