Exercise 2 ol2 Mailings Review View Developer Tell me E 21 Aalboede Aalb CeDdEe Aalboede AaBbc Headin Normal No Spacing Table Parage 15 Exercise 2 SARAY's Landry is a small business owned by Sara Ricchi. She provided us with the documents for the year ended December 31, 2020. She is concerned that there are a humber of errors in all documents made by her accountants (at least 15 wrong amounts) Required: Determine what those errors are and correctly recalculate amounts in all documents. You can use an end-of-period spreadsheet as a correct initial data Adjusted to Credit D SARA'S Laundry End-of-puri Spreadsheet (WorkSht) For the Year Eaded Dember 31, 2010 Undsted TB Adjustments Debit Cred Det CH 11.000 21.30 17.900 5.700 232.400 125.000 6,500 3.100 2.900 333.600 11.500 131.0 11.10 1.100 105.000 1.100 10.00 At Title CA Laundry Supplies Prepaid caresc Laundry Equip Depreciate Art Payable Was Payable Sara Kich, Capital Sara Brewing Lady Re Wp Hess ENER Laundry Sapple Exp. Deprecatus spin Taurace Expres Mate 10. 10.000 232.100 113,200 1,100 12.100 48.000 19,740 17. 6.500 5.100 114,3 40.000 19.700 17.00 8.50 3.700 5.400 5.400 475.000 475.000 31200 31 . Focus Required: Determine what those errors are and correctly recalculate amounts in all documents. You can use an end-of-period spreadsheet as a correct initial data. SARA'S LAUNDRY Income Statement For the Year Ended December 31 2020 $232,200 Laundry revenue Expenses Weges expense Rent expense Utilities espense Laundry supplies expense Depreciation expense Issurance expeste Miscellaneous expeare Total expenses Net Income $126,300 40.000 19,700 2,600 500 5,700 $400 221.500 $ 10,700 $105.600 SARA'S LAUNDRY Statement of Owner's Equity For the Year Ended December 31, 2020 Sara Bicchi, capital, July 1, 2013 Net income for the year Less withdrawals Increase in owner's equity Sara Bicchi, capital, June 30, 2020 $10,700 10,000 7,000 $112.000 Required: Determine what those errors are and correctly recalculate amounts in all documents. You can use an end-of-period spreadsheet as a correct initial data SARA'S'S LAUNDRY Balance Sheet December 31, 2010 Am Liabilities S 11.200 21.500 Current wait Aeruunts payable SIL. 13.00 Current Cash Laundry supplies Prepand insurance Total Property, and, and equipment Landry Equipment Lelated depreciatis Total property, plant, und ent Tatalanes 1.100 112.600 131.900 Total Website 36.400 Leter tabt We payable Toalla O's Equity Sara Kuchl capital 364,500 Total Hadits ader's 5400.000 gelty 12.300 I 3,000 $100.000 Ol Focus Mailings Review View Developer Tell me zb Abcode ASED Alibede No Spacing H 2 $ 7 9 10 11 12 13 14 15 16 18 21 20 21 22 23 24 25 26 27 28 Required: Determine what those errors are and correctly recalculate amounts in all documents. You can use an end-of-period spreadsheets correct initial data Clogie 3610 18 Lary war lery Wapes Epe Net Lady Sepp Expres DetaExp TE ies Sara BC are Rapha Hare Rechte SARAWANNY Putraalae D TH C Landry Praise LE April AP web SC KO Focus Exercise 2 ol2 Mailings Review View Developer Tell me E 21 Aalboede Aalb CeDdEe Aalboede AaBbc Headin Normal No Spacing Table Parage 15 Exercise 2 SARAY's Landry is a small business owned by Sara Ricchi. She provided us with the documents for the year ended December 31, 2020. She is concerned that there are a humber of errors in all documents made by her accountants (at least 15 wrong amounts) Required: Determine what those errors are and correctly recalculate amounts in all documents. You can use an end-of-period spreadsheet as a correct initial data Adjusted to Credit D SARA'S Laundry End-of-puri Spreadsheet (WorkSht) For the Year Eaded Dember 31, 2010 Undsted TB Adjustments Debit Cred Det CH 11.000 21.30 17.900 5.700 232.400 125.000 6,500 3.100 2.900 333.600 11.500 131.0 11.10 1.100 105.000 1.100 10.00 At Title CA Laundry Supplies Prepaid caresc Laundry Equip Depreciate Art Payable Was Payable Sara Kich, Capital Sara Brewing Lady Re Wp Hess ENER Laundry Sapple Exp. Deprecatus spin Taurace Expres Mate 10. 10.000 232.100 113,200 1,100 12.100 48.000 19,740 17. 6.500 5.100 114,3 40.000 19.700 17.00 8.50 3.700 5.400 5.400 475.000 475.000 31200 31 . Focus Required: Determine what those errors are and correctly recalculate amounts in all documents. You can use an end-of-period spreadsheet as a correct initial data. SARA'S LAUNDRY Income Statement For the Year Ended December 31 2020 $232,200 Laundry revenue Expenses Weges expense Rent expense Utilities espense Laundry supplies expense Depreciation expense Issurance expeste Miscellaneous expeare Total expenses Net Income $126,300 40.000 19,700 2,600 500 5,700 $400 221.500 $ 10,700 $105.600 SARA'S LAUNDRY Statement of Owner's Equity For the Year Ended December 31, 2020 Sara Bicchi, capital, July 1, 2013 Net income for the year Less withdrawals Increase in owner's equity Sara Bicchi, capital, June 30, 2020 $10,700 10,000 7,000 $112.000 Required: Determine what those errors are and correctly recalculate amounts in all documents. You can use an end-of-period spreadsheet as a correct initial data SARA'S'S LAUNDRY Balance Sheet December 31, 2010 Am Liabilities S 11.200 21.500 Current wait Aeruunts payable SIL. 13.00 Current Cash Laundry supplies Prepand insurance Total Property, and, and equipment Landry Equipment Lelated depreciatis Total property, plant, und ent Tatalanes 1.100 112.600 131.900 Total Website 36.400 Leter tabt We payable Toalla O's Equity Sara Kuchl capital 364,500 Total Hadits ader's 5400.000 gelty 12.300 I 3,000 $100.000 Ol Focus Mailings Review View Developer Tell me zb Abcode ASED Alibede No Spacing H 2 $ 7 9 10 11 12 13 14 15 16 18 21 20 21 22 23 24 25 26 27 28 Required: Determine what those errors are and correctly recalculate amounts in all documents. You can use an end-of-period spreadsheets correct initial data Clogie 3610 18 Lary war lery Wapes Epe Net Lady Sepp Expres DetaExp TE ies Sara BC are Rapha Hare Rechte SARAWANNY Putraalae D TH C Landry Praise LE April AP web SC KO Focus