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Homework: Chapter 2 part B homework Score: 0.93 of 1 pt 8 of 9 (9 complete) HW Score: 99.11%, 892 %E2-27 (similar to) Question Help
Homework: Chapter 2 part B homework Score: 0.93 of 1 pt 8 of 9 (9 complete) HW Score: 99.11%, 892 %E2-27 (similar to) Question Help The following trial balance of Reva Macdonoll Tutoring Service as of May 31 2018, does not balance (Click the icon to view the trial balance.) Investigation of the accounting records reveals that the bookkeeper Click the icon to view the investigation results) Prepare the corrected trial balance as of May 31 2018, complete with a headin Journal entries are not required i Data Table 18 na Ace Aca Offil Reva Macdonell Tutoring Service Trial Balance May 31, 2018 Balance Account Title Debit Credit Cash 2,800 Accounts Receivable 2,000 Office Supplies 900 Computer Equipment 16,000 Accounts Payable Utilities Payable 700 Common Stock 11.900 Cor Aca Utili Cor Divi Ser 11.500 L 900 This Done correct All pal Data Table hef estig 018) (Cli 2,000 pare nale 900 16,000 Acc Cas S 11,500 700 Aca Accounts Receivable Office Supplies Computer Equipment Accounts Payable Utilities Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense Utilities Expense Total 11.900 Offil Con Acc U 10,000 9,700 Con Divi Ser 1.900 700 600 34,900 S 33.800 This correct ar All pal journal entries are not required. Balance 0 More Info - X a. Recorded a $400 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct b. Posted a $1,000 credit to Accounts Payable as $100 c. Did not record Utilities Expense or the related Utilities Payable in the amount of $300. d. Understated Common Stock by $200 Print Done
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