Identify the errors in the following trial balance. All accounts have normal balances. Ensemble Co. Unadjusted Trial
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Ensemble Co. Unadjusted Trial Balance For the Year Ending December 31, 2018 Debit Balances Balances Credit Cash Accounts Receivable. Prepaid Insurance 42,900 123,500 27,000 300,000 52,000 Accounts Payable Salaries Payable.. Common Stock Retained Earnings 4,800 40,000 137,200 5,000 1,216,000 Service Revenue 660,000 Advertising Expense Miscellaneous Expense 275,000 1,801,500 ,801,500
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1 The Debit column total is added incorrectly The sum is 1098500 rather than 1801500 2 The tri...View the full answer
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Related Book For
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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