A review shows that Terry made the following errors in the accounting records: 1. A purchase of $300 of supplies on account was recorded as a credit to cash. The debit entry was correct. 2 A $100 credit to accounts receivable was posted as $1,000 Ajournal entry to record service revenue of $770 earned on account was not prepared or posted. 4. A journal entry to record the payment of $340 for an advertising expense was correctly prepared but the credit to casi posted as a debit. The debit to advertising expense was properly posted 1. A review shows that Terry made the following errors in the accounting records: A purchase of $300 of supplies on account was recorded as a credit to cash. The debit entry was correct. A $100 credit to accounts receivable was posted as $1,000 A journal entry to record service revenue of $770 earned on account was not prepared or posted. A journal entry to record the payment of $340 for an advertising expense was correctly prepared but the credit to cash was posted as a debit. The debit to advertising expense was properly posted. 2. 3. 4 Prepare the correct trial balance at March 31, 2021, using the format shown in the chapter. (Hint: You should also make sure that the account balances are recorded in the correct columns on the trial balance.) SHAMROCK MOUNTAIN TOURS Trial Balance For the Year Ended March 31, 2021 Debit Credit A review shows that Terry made the following errors in the accounting records: 1. A purchase of $300 of supplies on account was recorded as a credit to cash. The debit entry was correct. 2 A $100 credit to accounts receivable was posted as $1,000 Ajournal entry to record service revenue of $770 earned on account was not prepared or posted. 4. A journal entry to record the payment of $340 for an advertising expense was correctly prepared but the credit to casi posted as a debit. The debit to advertising expense was properly posted 1. A review shows that Terry made the following errors in the accounting records: A purchase of $300 of supplies on account was recorded as a credit to cash. The debit entry was correct. A $100 credit to accounts receivable was posted as $1,000 A journal entry to record service revenue of $770 earned on account was not prepared or posted. A journal entry to record the payment of $340 for an advertising expense was correctly prepared but the credit to cash was posted as a debit. The debit to advertising expense was properly posted. 2. 3. 4 Prepare the correct trial balance at March 31, 2021, using the format shown in the chapter. (Hint: You should also make sure that the account balances are recorded in the correct columns on the trial balance.) SHAMROCK MOUNTAIN TOURS Trial Balance For the Year Ended March 31, 2021 Debit Credit
