Question
Answer the following: a. The Drawing for Ken Dallen. b. The grand total of the credit side of the corrected trial balance. c. The correct
Answer the following:
a. The Drawing for Ken Dallen.
b. The grand total of the credit side of the corrected trial balance.
c. The correct amount of Cash in Bank should be 45,600. What is this kind of error called?
d. Dental Supplies Expense had a transposition error, in its first two digits. To correct the given amount, how much should be deducted or added?
e. A general ledger review of the totals on the debit side of Cash on Hand showed that 1,000 was not included in the sum. A review for the credit side showed that an amount for 23.00 was transposed when it was posted. The correct amount of Cash on Hand in the trial balance is?
ERRORS AND CORRECTIONS (A) The general ledgers have been footed and balances have been copied to the trial balance. Journal entries to record the transactions are correct. In the process of posting and copying to the trial balance, some errors were committed. Read all the questions and formulate your corrected trial balance and select the letter of your chosen answer. The general journal and ledgers of Kendall Dental Clinic have been summarized. The initial list of accounts showed the following balances. All balances computed showed that they were in the normal side of the account. Account # Account Title Amount 100 110 200 300 400 410 600 700 710 Cash on Hand Cash in Bank Accounts Receivable Accounts Payable Ken Dallen, Capital Ken Dallen, Drawing Dental Revenue Dental Supplies Expense Rent Expense Advertising Expense P 30,552.45 4,560.00 8,410.00 6,581.64 16,071.46 ? 87,650.00 31,000.65 6,000.00 1,200.00 720Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started