Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I solve it thx SU II 2019 Financial Accouting Homework: Chapter 2 part B homey Score: 0.93 of 1 pt 8 of 9 (9 com
I solve it thx
SU II 2019 Financial Accouting Homework: Chapter 2 part B homey Score: 0.93 of 1 pt 8 of 9 (9 com \x E2-27 (similar to) Inv The following trial balance of Roger Mahl Tutoring Service as of May 31, 2018 does not balance BES (Click the icon to view the trial balance.) ACCOUNTts receivable T,JUU 600 16,100 11,500 100 11,800 Office Supplies Computer Equipment Accounts Payable Utilities Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense Utilities Expense Total 9.900 9.700 1.800 900 400 34,500 $ 33,100 I 11 a. Recorded a $600 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 $500. d. Understated Common Stock by $500 SU II 2019 Financial Accouting Homework: Chapter 2 part B homey Score: 0.93 of 1 pt 8 of 9 (9 com \x E2-27 (similar to) Inv The following trial balance of Roger Mahl Tutoring Service as of May 31, 2018 does not balance BES (Click the icon to view the trial balance.) ACCOUNTts receivable T,JUU 600 16,100 11,500 100 11,800 Office Supplies Computer Equipment Accounts Payable Utilities Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense Utilities Expense Total 9.900 9.700 1.800 900 400 34,500 $ 33,100 I 11 a. Recorded a $600 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 $500. d. Understated Common Stock by $500 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started