Question: How many errors can you find in the following trial balance? All accounts have normalbalances. Dinero Co. Trial Balance For the Month Ending January 31,

How many errors can you find in the following trial balance? All accounts have normalbalances.

How many errors can you find in the following trial

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

Step by Step Solution

3.49 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

1 The debit column total is added incorrectly The sum is 97250 rather than 152750 2 T... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

126-B-A-I-S (903).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!