Identify the errors in the following trial balance. All accounts have normal balances. Mascot Co. Unadjusted Trial
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Mascot Co. Unadjusted Trial Balance For the Month Ending July 31, 2016 Deblt Balances Balances Credit Cash Accounts Receivable Prepaid Insurance Equipment. Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Service Revenue Salary Expense Advertising Expense Miscellaneous Expense 36,000 112,600 18,000 375,000 53,300 7,500 100,000 197,200 17,000 682,000 396,800 73,000 1,600 1.189,300 1189 300
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1 The Debit column total is added in correctly The sum is 890700 rather than 118930...View the full answer
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Related Book For
Corporate Financial Accounting
ISBN: 978-1285868783
13th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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