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Errors in trial balance Prepare a corrected unadjusted trial balance. For those boxes in which no entry is required, leave the box blank. Errors in
Errors in trial balance Prepare a corrected unadjusted trial balance. For those boxes in which no entry is required, leave the box blank. Errors in trial balance
The following preliminary unadjusted trial balance of Ranger Co a sports ticket agency, does not balance:
tabletableRanger CoUnadjusted Trial BalanceAugust YDebit Balances,Credit BalancesCashAccounts Receivable,Prepaid Insurance,,EquipmentAccounts Payable,,Unearned Rent,,Common Stock,Retained Earnings,DividendsService Revenue,,Wages Expense,,Advertising Expense,Miscellaneous Expense,,Totals
equipment account is $; and each account has a normal balance.
The following preliminary unadjusted trial balance of Ranger Co a sports ticket agency, does not balance:
Ranger Co
Unadjusted Trial Balance
August Y
Line Item Description Debit Balances Credit Balances
Cash
Accounts Receivable
Prepaid Insurance
Equipment
Accounts Payable
Unearned Rent
Common Stock
Retained Earnings
Dividends
Service Revenue
Wages Expense
Advertising Expense
Miscellaneous Expense
Totals
When the ledger and other records are reviewed, you discover the following: the debits and credits in the cash account total $ and $ respectively; a billing of $ to a customer on account was not posted to the accounts receivable account; a payment of $ made to a creditor on account was not posted to the accounts payable account; the balance of the unearned rent account is $; the correct balance of the equipment account is $; and each account has a normal balance.
Prepare a corrected unadjusted trial balance. For those boxes in which no entry is required, leave the box blank.
Ranger Co
Unadjusted Trial Balance
August Y
Line Item Description Debit
Balances Credit
Balances
Cash Cash
Cash
Accounts Receivable Accounts Receivable
Accounts Receivable
Prepaid Insurance Prepaid Insurance
Prepaid Insurance
Equipment Equipment
Equipment
Accounts Payable Accounts Payable
Accounts Payable
Unearned Rent Unearned Rent
Unearned Rent
Common Stock Common Stock
Common Stock
Retained Earnings Retained Earnings
Retained Earnings
Dividends Dividends
Dividends
Service Revenue Service Revenue
Service Revenue
Wages Expense Wages Expense
Wages Expense
Advertising Expense Advertising Expense
Advertising Expense
Miscellaneous Expense Miscellaneous Expense
Miscellaneous Expense
Total Total
Total
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