The accountant for Evas Laundry prepared the following unadjusted and adjusted trial balances. Assume that all balances

The accountant for Eva’s Laundry prepared the following unadjusted and adjusted trial balances. Assume that all balances in the unadjusted trial balance and the amounts of the adjustments are correct. Identify the errors in the accountant’s adjusting entries, assuming that none of the accounts were affected by more than one adjustingentry.

Transcribed Image Text:

Eva's Laundry Trnal Balances May 31, 2014 Adjusted Unadjusted Debit Credit Debit Credit Balances Balances Balances Balances 7,500 23,250 6,750 1,600 177,000 Laundry Equipment . . . Accumulated Depreciation-Laundry Equipment.... 190,000 .. 48,000 9,600 48,000 9,600 1,000 35,000 75,300 35,000 75,300 Dividends 28,775 28,775 . 182,100 182,100 49,200 25,575 18,500 13,000 3,000 600 350,000 350,000 358,000 351,000 $3,600 of insurance expired during the year.