Jozef's Roofing Services showed the following post-closing trial balance after the posting of the closing entries...
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Jozef's Roofing Services showed the following post-closing trial balance after the posting of the closing entries on June 30, 2 Cash Accounts receivable Equipment Accumulated depreciation, equipment Trucks Accumulated depreciation, trucks Accounts payable Jozef Jones, capital Jozef Jones, withdrawals Interest income Other expenses Totals Debit $ 22,000 37,000 64,500 148,000 Cash 60,900 Credit $ 13,000 71,000 20,200 227,110 1,250 160 $332,560 $332,560 Required: 1. Identify the error(s) in the post-closing trial balance. (You may select more than one answer. Single click the box with the questic mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wron answer.) Calculate the correct balance for Josef jones, capital? Jozef's Roofing Services showed the following post-closing trial balance after the posting of the closing entries on June 30, 2 Cash Accounts receivable Equipment Accumulated depreciation, equipment Trucks Accumulated depreciation, trucks Accounts payable Jozef Jones, capital Jozef Jones, withdrawals Interest income Other expenses Totals Debit $ 22,000 37,000 64,500 148,000 Cash 60,900 Credit $ 13,000 71,000 20,200 227,110 1,250 160 $332,560 $332,560 Required: 1. Identify the error(s) in the post-closing trial balance. (You may select more than one answer. Single click the box with the questic mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wron answer.) Calculate the correct balance for Josef jones, capital?
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Answer rating: 100% (QA)
The following are the errors in the postclosing trial balance The debit and credit columns do not to... View the full answer
Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
Posted Date:
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