Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Presented below is a trial balance of Elenita Dedumo which was prepared by an unexperienced bookkeeper: Account Titles Cash in Bank Tagum Autocare Trial

Presented below is a trial balance of Elenita Dedumo which was prepared by an unexperienced bookkeeper: Tagum Autocare Trial

Presented below is a trial balance of Elenita Dedumo which was prepared by an unexperienced bookkeeper: Account Titles Cash in Bank Tagum Autocare Trial Balance November 30, 2019 Accounts Receivable Supplies Inventory Tools Shop Equipment Accounts Payable Notes Payable E. Dedumo, Capital E. Dedumo, With dr awal s Repairs Income Utilities Expense Salaries and Wages Taxes and Licenses Total Debit 25,000 30,000 5,000 40,000 1,000 101,000 Credit. 20,000 10,000 5,000 8,000 48,000 2,000 3,000 5,000 101,000 It was learned that there were no errors in both posting and footing processes. It was further gleaned from the General Ledger that all of the above account balances were all in its normal balances. The inexperienced bookkeeper, however, believed his works are correct because the trial balance appeared to be "in-balance". Required: Prepare a correct trial balance.

Step by Step Solution

3.41 Rating (167 Votes )

There are 3 Steps involved in it

Step: 1

Question The Corrected Trial Balance Tagum Autocare Trial Balance November 30 2019 Ac... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

13th Edition

978-0073379616, 73379611, 978-0697789938

More Books

Students also viewed these Accounting questions

Question

Do the calculations to determine the missing amounts in the table.

Answered: 1 week ago