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Financial accounting question please I need to answer. x CengageNOWv21 Online teachin x CengageNOWv2 | Online teachi x + w.com/ilm/takeAssignment/take AssignmentMain.do?invoker=&takeAssignmentSessionLocator-Bunprogress=false eBook Errors in Trial
Financial accounting question please I need to answer.
x CengageNOWv21 Online teachin x CengageNOWv2 | Online teachi x + w.com/ilm/takeAssignment/take AssignmentMain.do?invoker=&takeAssignmentSessionLocator-Bunprogress=false eBook 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, 20Y1 Debit Balances Credit Balances Cash 44,110 Accounts Receivable 20,730 Prepaid Insurance 7,450 Equipment 7,000 Accounts Payable 12,090 Unearned Rent 2,690 Common Stock 24,170 Retained Earnings 51,700 Dividends 9,300 Service Revenue 78,070 Wages Expense 39,100 Advertising Expense 6,700 Miscellaneous Expense 1,320. Check My Work 2 more Check My Work uses remaining Hi LC (10 V ID E S ageNOWV2 | Online teachin x CengageNCWv2 [Online teachim x + keAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator &inprogress=false O eBook Advertising Expense 6,700 Miscellaneous Expense 1,320 Totals 163,710. 140,720 When the ledger and other records are reviewed, you discover the following: (1) the debits and credits in the cash account total $44,110 and $31,670, respectively; (2) a billing of $2,340 to a customer on account was not posted to the accounts receivable account; (3) a payment of $1,680. made to a creditor on account was not posted to the accounts payable account; (4) the balance of the unearned rent account is $5,030; (5) the correct balance of the equipment account is $70,000; and (6) 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 31, 20Y1 Debit Balances Credit Balances Cash Accounts Receivable Prepaid Insurance Equipment Accounts Payable - Unearned Rent Common Stock Retained Earnings Check My Work 2 more Check My Work uses remaining. Previous 96F 40) E ilrn/takeAssignment/takeAssignmentMain.do?invo eBook correct balance of the equipment account is $70,000; and (6) each account has a normal balance. Prepare a corrected unadjusted trial balance. For those boxes in which no entry is required, leave the Ranger Co. Unadjusted Trial Balance August 31, 20Y1 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 Step by Step Solution
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