You have been hired to correct the trial balance in Figure 3.35 that has been recorded improperly
Question:
You have been hired to correct the trial balance in Figure 3.35 that has been recorded improperly from the ledger to the trial balance.
Transcribed Image Text:
SIMONE CO. TRIAL BALANCE AUGUST 31, 201X Account Dr. Cr. Accounts Payable 600000 A. Simone, Capital 5000 A. Simone, Withdrawals 115000 Services Earned 470000 Concessions Earned 2900 00 Rent Expense 130000 Salaries Expense 260000 Miscellaneous Expense 180000 Cash 500000 Accounts Receivable 180000 Totals 17 8 0000 950000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
SIMONECO TRIAL BALANCE AUGUST31 201X Dr Cr Cash 5 0 0 0 00 Accounts Rec...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
Question Posted:
Related Video
A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
Students also viewed these Business questions
-
You have been hired to correct the following trial balance that has been recorded improperly from the ledger to the trial balance. SUN CO. TRIAL BALANCE MARCH 31, 2012 Dr. Cr Accounts Payable A. Sun,...
-
You have been hired to correct the following trial balance that has been recorded improperly from the ledger to the trial balance. SUN CO. TRIAL BALANCE MARCH 31, 2018 Dr. Cr. Accounts Payable A....
-
You have been hired to correct the trial balance in Figure 3.32 that has been recorded improperly from the ledger to the trial balance. SALT LAKE CO. TRIAL BALANCE OCTOBER 31, 201)X Account Accounts...
-
Considering Vdc = 2 volt, find the load line (Showing all calculations) Data Collection: Theoretical value:R=1kse Measuned valu e:R Ike Vde (volt) Va (volf> VR (volt) I VR CHA) 0.1 0.09 0.00 2 0.00...
-
Assume that you have recently purchased a new sports car. Is a usage or a time-based method preferable for recording depreciation? Why?
-
Find the derivatives of the function. r = sin ( 2 )cos (2)
-
After factory overhead has been applied to work in process, what does a credit balance in Factory Overhead indicate?
-
American Airlines reports the following pension and retiree health care (Other) footnote as part of its 10-K report. ($ millions) 2016 2017 2018 Total Assets $51,274 $51,396 $60,580 ($ millions) 2016...
-
1- Decompose the displacement field vector of a 2D 9-nodal isoparametric element. Then write the interpolation of the displacement field at any point (, n) in terms of the node shapes and...
-
1. what is the External Cause codes for this injury? 2. What is the code fo this visit? 3. what the is diagnoses codes? 4. what is the procedures codes? Mr. Wong brought his daughter, Jade, to the...
-
From the following transactions for Leslie Company for the month of July, (a) Prepare journal entries (assume that it is page 1 of the journal), (b) post journal entries to the ledger (use a...
-
On February 6, 201X, Morris Sanford made the journal entry in Figure 3.36 to record the purchase on account of office equipment priced at $1,000. This journal entry had not yet been posted when the...
-
Economic changes can affect how clients select their assurance providers. Required a. In times of economic recession, would you expect the demand for audits to increase or decrease? b. Would you...
-
Masks and broadcast Fill the blanks in Table IP address Mask bits Dot-decimal mask Network address Broadcast address 192.13.109.46 /30 3.1.0.1 255.224.0.0 10.99.100.247 10.99.0.0 108.170.192.0 /18
-
The following trial balance was extracted from the books of Night shade Ltd. as at 30 September 2020: $ Land and buildings 151,000 Motor vehicles at cost 60,000 Accumulated depreciation on motor...
-
here is python script that will accept two numbers and an option (a, s, d, or m). The script will then either add(a), subtract(s), divide(d), or multiply(m) using the numbers provided and print out...
-
1. a query in SQL to list the titles of the employees for a specific date. 2. a simple PHP class which displays a message like "Hello All, I am writing my FinalExam", where "FinalExam" is an argument...
-
Campbell Corporation's records show the following information Number of units sold 5 , 0 0 0 Sales revenue $ 7 5 , 0 0 0 Variable costs 2 4 , 0 0 0 Fixed costs 1 2 , 0 0 0 Required 1 . Prepare a...
-
1. Was Officer A in pursuit of the suspect's vehicle? 2. As an arbitrator, would you uphold or deny the grievance? 3. Would you change the punishment of Officer A from a one-day suspension to that of...
-
Why is it necessary to study the diffusion of molecules in biological systems?
-
For each of the following transactions for Franklin Co. (the seller), journalize what the entry would be for the buyer (Oragi Co.). Franklin Company and Oragi Company use the perpetual method. a. b....
-
On May 15, 202X, Ramon Co. gave Silver Co. a 180-day, $14,000, 10% note. On July 14, Silver Co. discounted the note at 12%. Assume a 360-day year. a. Journalize the entry for Silver to record the...
-
Johan Sibelius negotiated a bank loan for $21,000 for 180 days at a bank rate of 10%. Assuming the interest is deducted in advance, prepare the entry for Johan to record the bank loan. Assume a...
-
El estado de situacin - balance sheet es el reporte que informa sobre los recursos econmicos, los sacrificios o reclamaciones a los recursos econmicos y el patrimonio de los accionistas. CIERTO O...
-
Gore Global is considering the two mutually exclusive projects below.The cash flows from the projects are summarized below. Year ManBearPig Project Cash Flow Flying Car Cash Flow 0 -$100,000...
-
Weekly demand for boxes follows a normal distribution with mean 309 and standard deviation 62. Each week, a replenishment order is placed with its supplier and the order arrives 2 weeks later. All...
Study smarter with the SolutionInn App