Question
assets-517600 liabilities-323400 equity-200500 total assets do not equal total liabilities plus equity because the following errors were made: -supplies of 5oo were on hand but
assets-517600
liabilities-323400
equity-200500
total assets do not equal total liabilities plus equity because the following errors were made:
-supplies of 5oo were on hand but were not included in assets because all purchases were debited to supplies expense
-credit services revenue of 15700 were posted to the service revenue account as17500. the accounts receivable account was posted correctly
-equipment purchased on credit for 51600 was incorrectly posted to notes payable as 56100. no error was made in equipment account
THE CORRECT BALANCE OF EQUITY SHOULD BE?
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