Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Errors In Trial Balance Identify the errors in the following trial balance. All accounts have normal balances. Ensemble Co. Unadjusted Trial Balance For the Year

Errors In Trial Balance Identify the errors in the following trial balance. All accounts have normal balances. Ensemble Co. Unadjusted Trial Balance For the Year Ending December 31, 20Y8 Debit Balances Credit Balances Cash 77,000 Accounts Receivable 168,480 Prepaid Insurance 36,450 Equipment 514,000 Accounts Payable 19,440 Salaries Payable 12,960 Common Stock 257,300 Retained Earnings Dividends Service Revenue 184,200 61,560. 810,000 Salary Expense 337,310 Advertising Expense 73,710 Miscellaneous Expense 15,390 1,568,210 1,568,210 After identifying the errors, prepare a corrected unadjusted trial balance. For those boxes th which no entry is required, leave the box blank. Ensemble Co. Unadjusted Trial Balance December 31, 2018 Cash Accounts Receivable Prepaid Insurance Equipment Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Service Revenue Salary Expense Advertising Expense Miscellaneous Expense Debit Balances Credit Balances < After identifying the errors, prepare a corrected unadjusted trial balance. For those boxes in which no entry is required, leave th blank. Ensemble Co. Unadjusted Trial Balance December 31, 2018 Cash Accounts Receivable Prepaid Insurance Equipment Debit Balances Credit Balances Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Service Revenue Salary Expense Advertising Expense Miscellaneous Expense

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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_2

Step: 3

blur-text-image_3

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

More Books

Students also viewed these Accounting questions

Question

=+j Explain the essential nature of repatriation.

Answered: 1 week ago