Question: when the accounting manager reviewed When the accounting manager reviewed the current trial balance, it appeared that mistakes in account postings were made to two
when the accounting manager reviewed
When the accounting manager reviewed the current trial balance, it appeared that mistakes in account postings were made to two accounts X accounts receivable and advertising expense. An investigation into the general ledger accounts revealed the following items: 1. A $2,000 credit posting was omitted from the accounts receivable account 2. A $1,000 debit and a $4,000 credit was omitted from the advertising expense account. The balances on the trial balance, before correcting any mistakes were as foliows: What should the correct final balances of the accounts be once the postings are corrected
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
