The trial balance of Building Blocks Child Care does not balance. (Click the icon to view...
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The trial balance of Building Blocks Child Care does not balance. (Click the icon to view the trial balance.) Account Title Total Debit Balance Credit i Errors e. f. a. Cash is understated by $1,600. b. A $3,800 debit to Accounts Receivable was posted as a credit. C. A $1,000 purchase of office supplies on account was neither journalized nor posted. g. h. i. The following errors are detected: (Click the icon to view the errors.) Prepare the corrected trial balance as of August 31, 2018. Journal entries are not required. d. Equipment was incorrectly transferred from the ledger as $90,300. It should have been transferred as $82,000. Choose from any list or enter any number in the input fields and then continue to the next question. Salaries Expense is overstated by $200. A $900 cash payment for advertising expense was neither journalized nor posted. A $120 owner's withdrawal of cash was incorrectly journalized as $1,200. Service Revenue was understated by $3,800. - A 12-month insurance policy was posted as a $900 credit to Prepaid Insurance. Cash was posted correctly. Print Done X i Trial Balance Account Title Cash Accounts Receivable Office Supplies Prepaid Insurance Equipment Accounts Payable Notes Payable Taylor, Capital Taylor, Withdrawals Service Revenue Salaries Expense Rent Expense Total August 31, 2018 Print $ Debit Done Balance 8,720 8,900 1,200 2,700 90,300 3,580 4,400 700 120,500 $ Credit 2,800 46,000 51,000 19,400 119,200 The trial balance of Building Blocks Child Care does not balance. (Click the icon to view the trial balance.) Account Title Total Debit Balance Credit i Errors e. f. a. Cash is understated by $1,600. b. A $3,800 debit to Accounts Receivable was posted as a credit. C. A $1,000 purchase of office supplies on account was neither journalized nor posted. g. h. i. The following errors are detected: (Click the icon to view the errors.) Prepare the corrected trial balance as of August 31, 2018. Journal entries are not required. d. Equipment was incorrectly transferred from the ledger as $90,300. It should have been transferred as $82,000. Choose from any list or enter any number in the input fields and then continue to the next question. Salaries Expense is overstated by $200. A $900 cash payment for advertising expense was neither journalized nor posted. A $120 owner's withdrawal of cash was incorrectly journalized as $1,200. Service Revenue was understated by $3,800. - A 12-month insurance policy was posted as a $900 credit to Prepaid Insurance. Cash was posted correctly. Print Done X i Trial Balance Account Title Cash Accounts Receivable Office Supplies Prepaid Insurance Equipment Accounts Payable Notes Payable Taylor, Capital Taylor, Withdrawals Service Revenue Salaries Expense Rent Expense Total August 31, 2018 Print $ Debit Done Balance 8,720 8,900 1,200 2,700 90,300 3,580 4,400 700 120,500 $ Credit 2,800 46,000 51,000 19,400 119,200
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
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