How many errors can you find in the following trial balance? All accounts have normalbalances. Dinero Co.
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How many errors can you find in the following trial balance? All accounts have normalbalances.
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Dinero Co. Trial Balance For the Month Ending January 31, 2006 Deblt Credit Balances Balances 7,500 Cash Accounts Receivable Prepaid Insurance Equipment Accounts Payable Salaries Payable Capital Stock Retained Earnings Dividends Service Revenue Salary Expense Advertising Expense Miscellaneous Expense 16,400 3,600 50,000 1,850 1,250 5,000 38,200 6,000 78,700 32,810 7,200 1,490 152,750 152,750
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1 The debit column total is added incorrectly The sum is 97250 rather than 152750 2 T...View the full answer
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Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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