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Debit Cash 17,500 600 Credit 3 An inexperienced bookkeeper prepared the following trial balance for Philip Browning, M.D., as of December 31, 20XX. You have
Debit Cash 17,500 600 Credit 3 An inexperienced bookkeeper prepared the following trial balance for Philip Browning, M.D., as of December 31, 20XX. You have discovered the following errors in your review of the accounting records and need 4,000 Medical Supplies Medical Equipment Accounts Payable Philip Browning, Capital Philip Browning, Drawing 6.000 30,000 1,000 Medical Fees 7.000 Rent Expense 2.500 Salaries Expense 2,000 to prepare a corrected trial balance. 1.000 Utilities Expense 400 Miscellaneous Expense Totals 31,000 41.000 41.000 Debit Cash 17,500 600 Credit 3 An inexperienced bookkeeper prepared the following trial balance for Philip Browning, M.D., as of December 31, 20XX. You have discovered the following errors in your review of the accounting records and need 4,000 Medical Supplies Medical Equipment Accounts Payable Philip Browning, Capital Philip Browning, Drawing 6.000 30,000 1,000 Medical Fees 7.000 Rent Expense 2.500 Salaries Expense 2,000 to prepare a corrected trial balance. 1.000 Utilities Expense 400 Miscellaneous Expense Totals 31,000 41.000 41.000
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