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Error Correction, Problem 2 Acct 2 2 2 0 Here is a trial balance for The Tigger Company that does not balance! The Tigger Company
Error Correction, Problem Acct Here is a trial balance for The Tigger Company that does not balance! The Tigger Company Trial Balance December Debit Credit Cash $ Accounts Receivable $ Supplies Computer Equipment Notes Payable Owners Drawing Accounts Payable Owners Capital Service Revenue Salaries Expense Utilities Expense $ $ Each of the accounts listed above has a normal balance per the general ledger! The amounts were just incorrectly reported on this trial balance. Also, an examination of the general ledger and journals revealed the following errors: Cash received from a customer in payment of its account was debited for $ and Accounts Receivable was credited for the same amount. The actual amount collected was $ The purchase of computer equipment on account for $ was recorded as a debit to Supplies for $ and a credit to Accounts Payable for $ Services were performed on account for a client for $ Accounts Receivable was debited for $ and Service Revenue was credited for $ A debit posting to Salaries Expense of $ was omitted. A payment of a balance due of $ was credited to Cash for $ and credited to Accounts Payable for $ The withdrawal of $ cash for Tiggers personal use was debited to Salaries Expense for $ and credited to Cash for $ Instructions: Prepare a corrected trial balance in proper form.
Error Correction, Problem
Acct
Here is a trial balance for The Tigger Company that does not balance!
The Tigger Company
Trial Balance
December
Debit Credit
Cash $
Accounts Receivable $
Supplies
Computer Equipment
Notes Payable
Owners Drawing
Accounts Payable
Owners Capital
Service Revenue
Salaries Expense
Utilities Expense
$ $
Each of the accounts listed above has a normal balance per the general ledger! The amounts were just incorrectly reported on this trial balance.
Also, an examination of the general ledger and journals revealed the following errors:
Cash received from a customer in payment of its account was debited for $ and Accounts Receivable was credited for the same amount. The actual amount collected was $
The purchase of computer equipment on account for $ was recorded as a debit to Supplies for $ and a credit to Accounts Payable for $
Services were performed on account for a client for $ Accounts Receivable was debited for $ and Service Revenue was credited for $
A debit posting to Salaries Expense of $ was omitted.
A payment of a balance due of $ was credited to Cash for $ and credited to Accounts Payable for $
The withdrawal of $ cash for Tiggers personal use was debited to Salaries Expense for $ and credited to Cash for $
Instructions:
Prepare a corrected trial balance in proper form.
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