233.
(a)
List the errors in the following trial balance. All accounts have normal balances.
(b)
What would be the new balance of the trial balance after errors are corrected? What would be the balance of Accounts Receivable?
Winslow’s Auto BodyTrial BalanceFor Month Ending April 30, 2009
Cash
19,475
Accounts Receivable
?
Supplies
1,000
Equipment
15,000
Prepaid Insurance
500
Accounts Payable
2,500
Capital Stock
17,000
Dividends
Fees Earned
49,600
Salary Expense
14,500
Rent Expense
9,000
Utilities Expense
1,400
Supplies Expense
3,900
Miscellaneous Expense
250
55,000
81,575
234. Answer the following questions for each of the errors listed below, considered individually:
Did the error cause the trial balance totals to be unequal?
What is the amount of the difference between the trial balance totals (where applicable)?
(c)
Which of the trial balance totals, debit or credit, is the larger (where applicable)?
Present your answers in columnar form, using the following headings:
Error
Totals
Difference in Totals
Larger of Totals
(identifying number)
(equal or unequal)
(amount)
(debit or credit)
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here