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. All accounts have normal balances. Ensemble Co. Unadjusted Trial Balance For the Year Ending December 31, 20Y8 Debit Credit Balances Balances 79,900 Cash Accounts Receivable 174,910 Prepaid Insurance 37,840 Equipment 534,000 Accounts Payable 20,180 Salaries Payable 13,450 Common Stock 274,100 Retained Earnings Dividends Service Revenue Salary Expense Advertising Expense Miscellaneous Expense 184,200 63,910 840,900 349,770 76,520 15,980 1,627,990 1,627,990 Miscellaneous Expense After identifying the errors, prepare a corrected unadjusted trial balance. For those boxes in which no entry is required, leave the box blank. Ensemble Co. Unadjusted Trial Balance December 31, 2018 Line Item Description Cash Accounts Receivable Prepaid Insurance Equipment Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Service Revenue Salary Expense Advertising Expense Miscellaneous Expense Total Debit Balances Balances Credit
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Errors in the Trial Balance The trial balance for Ensemble Co has two errors Double Entry of Miscell... View full answer
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