Question: Errors in trial balance Prepare a corrected unadjusted trial balance. For those boxes in which no entry is required, leave the box blank. Errors in

Errors in trial balance Prepare a corrected unadjusted trial balance. For those boxes in which no entry is required, leave the box blank. Errors in trial balance
The following preliminary unadjusted trial balance of Ranger Co., a sports ticket agency, does not balance:
\table[[\table[[Ranger Co.],[Unadjusted Trial Balance],[August 31,20Y1]]],[,Debit Balances,Credit Balances],[Cash,53,140,],[Accounts Receivable,24,980,],[Prepaid Insurance,,8,980],[Equipment,8,400,],[Accounts Payable,,14,560],[Unearned Rent,,3,240],[Common Stock,39,700,],[Retained Earnings,51,700,],[Dividends,11,200,],[Service Revenue,,94,060],[Wages Expense,,47,100],[Advertising Expense,8,080,],[Miscellaneous Expense,,1,590],[Totals,197,200,169,530]]
equipment account is $84,000; and (6) each account has a normal balance.
The following preliminary unadjusted trial balance of Ranger Co., a sports ticket agency, does not balance:
Ranger Co.
Unadjusted Trial Balance
August 31,20Y1
Line Item Description Debit Balances Credit Balances
Cash 53,140
Accounts Receivable 24,980
Prepaid Insurance 8,980
Equipment 8,400
Accounts Payable 14,560
Unearned Rent 3,240
Common Stock 39,700
Retained Earnings 51,700
Dividends 11,200
Service Revenue 94,060
Wages Expense 47,100
Advertising Expense 8,080
Miscellaneous Expense 1,590
Totals 197,200169,530
When the ledger and other records are reviewed, you discover the following: (1) the debits and credits in the cash account total $53,140 and $38,150, respectively; (2) a billing of $2,820 to a customer on account was not posted to the accounts receivable account; (3) a payment of $2,020 made to a creditor on account was not posted to the accounts payable account; (4) the balance of the unearned rent account is $5,740; (5) the correct balance of the equipment account is $84,000; and (6) each account has a normal balance.
Prepare a corrected unadjusted trial balance. For those boxes in which no entry is required, leave the box blank.
Ranger Co.
Unadjusted Trial Balance
August 31,20Y1
Line Item Description Debit
Balances Credit
Balances
Cash Cash
14,990
Cash
Accounts Receivable Accounts Receivable
27,800
Accounts Receivable
Prepaid Insurance Prepaid Insurance
8,980
Prepaid Insurance
Equipment Equipment
84,000
Equipment
Accounts Payable Accounts Payable
Accounts Payable
Unearned Rent Unearned Rent
Unearned Rent
5,740
Common Stock Common Stock
Common Stock
39,700
Retained Earnings Retained Earnings
Retained Earnings
51,700
Dividends Dividends
11,200
Dividends
Service Revenue Service Revenue
Service Revenue
94,060
Wages Expense Wages Expense
47,100
Wages Expense
Advertising Expense Advertising Expense
8,080
Advertising Expense
Miscellaneous Expense Miscellaneous Expense
1,590
Miscellaneous Expense
Total Total
Total
 Errors in trial balance Prepare a corrected unadjusted trial balance. For

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