The following is the unadjusted trial balance of TITAN company for the month ended March 31,...

 

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The following is the unadjusted trial balance of TITAN company for the month ended March 31, 2019. You are required to correct the trial balance after considering the following three transactions/facts [6] Credit Accounts Cash Accounts receivable Supplies Equipment Accounts Payable Notes payable Common stock Retained earningsS Debit 116250 8400 3675 16800 25500 41100 30000 11850 Dividends 9000 Service revenue 148950 Advertising expenses Wage expenses 6525 69750 Rs230400 Rs257400 (a) A service fee of Rs27000 was earned but not yet collected by the end of the period but was accidently not recorded. (b) Instead of reporting the wage expense of Rs96750 on the trial balance, it was inadvertently recorded as Rs69750. (c) Machines worth Rs13500 were purchased on credit but were not recorded in the accounting books. The following is the unadjusted trial balance of TITAN company for the month ended March 31, 2019. You are required to correct the trial balance after considering the following three transactions/facts [6] Credit Accounts Cash Accounts receivable Supplies Equipment Accounts Payable Notes payable Common stock Retained earningsS Debit 116250 8400 3675 16800 25500 41100 30000 11850 Dividends 9000 Service revenue 148950 Advertising expenses Wage expenses 6525 69750 Rs230400 Rs257400 (a) A service fee of Rs27000 was earned but not yet collected by the end of the period but was accidently not recorded. (b) Instead of reporting the wage expense of Rs96750 on the trial balance, it was inadvertently recorded as Rs69750. (c) Machines worth Rs13500 were purchased on credit but were not recorded in the accounting books.

Answer rating: 100% (QA)

Given Trial balance has not been tallied by Rs 257400 Rs 230400 Rs 27000 To tally the trial balance ... View the full answer