Question
Errors inTrial Balance The following preliminaryunadjusted trial balanceof Ranger Co., a sports ticket agency, does not balance: Ranger Co. Unadjusted Trial Balance August 31, 20Y1
Errors inTrial Balance
The following preliminaryunadjusted trial balanceof Ranger Co., a sports ticket agency, does not balance:
Ranger Co.
Unadjusted Trial Balance
August 31, 20Y1Debit BalancesCredit BalancesCash49,580Accounts Receivable23,300Prepaid Insurance8,380Equipment7,800Accounts Payable13,580Unearned Rent3,020Common Stock33,580Retained Earnings51,700Dividends10,400Service Revenue87,760Wages Expense44,000Advertising Expense7,540Miscellaneous Expense1,490Totals183,900158,230
When theledgerand other records are reviewed, you discover the following: (1) thedebitsandcreditsin the cashaccounttotal $49,580 and $35,600, respectively; (2) a billing of $2,630 to a customer on account was not posted to the accounts receivable account; (3) a payment of $1,880 made to a creditor on account was not posted to the accounts payable account; (4) the balance of the unearned rent account is $4,980; (5) the correct balance of the equipment account is $78,000; and (6) each account has anormal balance.
DO a corrected unadjusted trial balance. For those boxes in which no entry is required, leave the box blank.
Ranger Co.Unadjusted Trial BalanceAugust 31, 20Y1Debit BalancesCredit BalancesCashfill in the blank 1
fill in the blank 2
Accounts Receivablefill in the blank 3
fill in the blank 4
Prepaid Insurancefill in the blank 5
fill in the blank 6
Equipmentfill in the blank 7
fill in the blank 8
Accounts Payablefill in the blank 9
fill in the blank 10
Unearned Rentfill in the blank 11
fill in the blank 12
Common Stockfill in the blank 13
fill in the blank 14
Retained Earningsfill in the blank 15
fill in the blank 16
Dividendsfill in the blank 17
fill in the blank 18
Service Revenuefill in the blank 19
fill in the blank 20
Wages Expensefill in the blank 21
fill in the blank 22
Advertising Expensefill in the blank 23
fill in the blank 24
Miscellaneous Expensefill in the blank 25
fill in the blank 26
fill in the blank 27
fill in the blank 28
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