Errors in Trial Balance The following preliminary unadjusted trial balance of Ranger Co a sports des agency does not balances Ranger Co. Unadjusted Trial Balance August 31, 2041 Debit Balances 60.500 28.440 Credit Balances 10.220 9,600 16.560 3.610 Cash Accounts Receivable Prepaid Insurance Equipment Accounts Payable Unearned Rent Common Stock Retained lamingo Dividende Service Revenue Wages Expense Advertising Expense Miscellaneous Expense Totals 52,360 51.700 12,700 107,090 53.700 9.200 224,500 193.100 When the lodger and other records are reviewed you discover the following: (1) the band in the cash 60.500 and 143,440.pectively bing of $1.210 customer ontworpored to the accounts receivable account: (a) payment of $2,300 made to a creditor on account not posted to the cable (4) the lace of the namedrent account is 56.370 (5) the correct balance of the equipment account is 596,000 and (6) each account haben Prepare a corrected united trial balance for those boxes in which treve the box ank equipment account is $96,000, and (6) each account has a normal balance Prepare a corrected uradjusted trial balance. For those bees in which no entry is required, leave the box blank Ranger Co. Unadjusted Trial Balance August 31, 2011 Debit balances Credit Balances Cash Accounts Receivable Prepaid Insurance Equipment 1111111 Accounts Payable Uneamed Rent Common Stock bul10000000000 Retained Earnings Dividends Service Revenue Wages Expense Advertising Expense Miscellaneous Expense Errors in Trial Balance The following preliminary unadjusted trial balance of Ranger Co, a sports ticket agency, does not balance Ranger Co. Unadjusted Trial Balance August 31, 2011 Debit Balances 60.500 26.440 Credit Balance Cash 10,220 9.600 16.580 3.690 52,360 Accounts Receivable Prepaid Insurance Equipment Accounts Payable Unearned Rent Common Stock Retained Earnings Dividends Service Revenue Wages Expense Advertising Expense Miscellaneous Expense Totals 51,700 12,700 107,090 53,700 9.200 1,620 193.100 224,500 When the ledger and other records are reviewed, you discover the following: (1) the debts and credits in the cash account total $60.500 and 543,440 spectively (2) bring of $1,210 to a customer on account was not posted to the accounts receivable accounts (3) a payment of $2.300 made to a creditor on account was not posted to the accounts payable accounts (4) the balance of the namedrent account is $6.920 (5) the correct balance of the equipment account is $96.000, and (6) each account has a normal bianca Prepare a corrected unadjusted trial balance. For those boxes in which no entry is required, leave the box blank. balance of the equipment account is $96,000; and (6) each account has a normal balance Prepare a corrected unadjusted trial balance. For those baas in which no entry is required, leave the box blanc Ranger Co. Unadjusted Trial Balance August 31, 2011 Debit Balances Credit Balances Gash Accounts Receivable Prepaid Insurance 100000 Equipment Accounts Payable Uneamed Rent Common Stock 00000000000000 Retained Earrings DUR ages en Artising Expense Expense
