Question: Errors in trial balance Identify the errors in the following trial balance. All accounts have normal balances. Ensemble Co. Unadjusted Trial Balance For the

Errors in trial balance Identify the errors in the following trial balance.

Errors in trial balance Identify the errors in the following trial balance. All accounts have normal balances. Ensemble Co. Unadjusted Trial Balance For the Year Ending December 31, 2018 Cash Debit Balances Credit Balances 90,600 Accounts Receivable 198,270 Prepaid Insurance 42,890 Equipment 605,000 Accounts Payable 22,880 Salaries Payable 15,250 Common Stock 335,300 Retained Earnings Dividends Service Revenue Salary Expense 184,200 72,440 953,200 396,780 Advertising Expense Miscellaneous Expense Miscellaneous Expense 86,740 18,110 1,845,400 1,845,400 After identifying the errors, prepare a corrected unadjusted trial balance. For those boxes in which no entry is required, leave the be Ensemble Co.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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

Students Have Also Explored These Related Accounting Questions!