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Identify the errors in the following trial balance. All accounts have normalbalances. Burgoo Co. Unadjusted Trial Balance For the Month Ending March 31, 2010 Debit Balances Credit Balances Cash Accounts Receivable 90,000 196,800 Prepaid Insurance Equipment Accounts Payable Salaries Payable

Identify the errors in the following trial balance. All accounts have normalbalances.

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Burgoo Co. Unadjusted Trial Balance For the Month Ending March 31, 2010 Debit Balances Credit Balances Cash Accounts Receivable 90,000 196,800 Prepaid Insurance Equipment Accounts Payable Salaries Payable Estelle Chatman, Capital Estelle Chatman, Drawing 43,200 600,000 22,200 15,000 518,400 72,000 944,400 Service Revenue Salary Expense . Advertising Expense Miscellaneous Expense 393,720 86,400 17,880 1,833,000 1,833,000

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Accounting

Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Question Details
Chapter # 2- Analyzing Transactions
Section: Exercises
Problem: 20
Posted Date: August 27, 2011 07:34:11
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