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An inexperienced bookkeeper at Victoria Bakery has prepared the following trial balance that is not correct, as it does not balance. Correct the trial balance,
An inexperienced bookkeeper at Victoria Bakery has prepared the following trial balance that is not correct, as it does not balance. Correct the trial balance, assuming there are no errors in the dollar amounts provided.
Victoria Bakery
Trial Balance
as at 31st December 202X
Debit Credit
Cash 23,600
Prepaid Insurance 4,900
Accounts Payable 7,500
Unearned Revenue 5,800
Share Capital 20,000
Dividends Paid 4,000
Revenue 29,200
Salaries 17,000
Kitchen Equipment 10,000
Rent Expense 3,000
$66,400 $58,600
An inexperienced bookkeeper at Victoria Bakery has prepared the following trial balance that is not correct, as it does not balance. Correct the trial balance, assuming there are no errors in the dollar amounts provided.
Victoria Bakery
Trial Balance
as at 31st December 202X
Debit Credit
Cash 23,600
Prepaid Insurance 4,900
Accounts Payable 7,500
Unearned Revenue 5,800
Share Capital 20,000
Dividends Paid 4,000
Revenue 29,200
Salaries 17,000
Kitchen Equipment 10,000
Rent Expense 3,000
$66,400 $58,600
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Glomont Auditing And Attestation AICPA Released Questions CPA Exam Review 2022
Authors: Glomont, American Institute Of Certified Public Accountants, AICPA
1st Edition
B0BF31GQMC, 979-8353524045
