Corrected trial balance
Tech Support Services has the following unadjusted trial balance as of January 31.20Y5:
Debit Balances
Credit Balances
Cash
25,550
Accounts Receivable
44,050
Supplies
6,660
Prepaid Insurance
3,600
Equipment Notes Payable
162,000
75,000
Accounts Payable
13,200
Common Stock
18,000
Retained Earnings Dividends
33,000
83,850
Fees Earned Wages Expense
306,000
$34,000
Rent Expense
62,550
Advertising Expense
23,850
Gas, Electricity, and Water Expense
17,000
684,260
724,050
The debit and credit totals are not equal as a result of the following errors:
i.The balance of $28,350 in Advertising Expense was entered as
$23,850 in the trial balance.
Instructions
2.-Does the fact that tire unadjusted trial balance in (1) is balanced mean that there are no errors in the accounts? Explain
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