The trial balance of Building Blocks Child Care, Inc., does not balance. The following errors are detected:

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The trial balance of Building Blocks Child Care, Inc., does not balance.

BUILDING BLOCKS CHILD CARE, INC. Trial Balance May 31, 2012 Debit $ 6,300 3,000 Credit Account Cash Accounts receivable

The following errors are detected:
a. Cash is understated by $4,000.
b. A $2,000 debit to Accounts receivable was posted as a credit.
c. A $1,200 purchase of supplies on account was neither journalized nor posted.
d. Equipment€™s cost is $87,700, not $88,000.
e. Salary expense is overstated by $100.
Requirement
1. Prepare the corrected trial balance at May 31, 2012. Journal entries are notrequired.

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Related Book For  answer-question

Financial and Managerial Accounting

ISBN: 978-0132497978

3rd Edition

Authors: Horngren, Harrison, Oliver

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