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In the trial balance below, total debits do not equal total credits. Find and correct the likely error(s) to bring the totals into balance. Debit
In the trial balance below, total debits do not equal total credits. Find and correct the likely error(s) to bring the totals into balance.
| Debit | Credit | |
| Cash | 158,000 | |
| Office Supplies | 25,000 | |
| Equipment | 180,000 | |
| Accum. DepreciationEquipment | 44,000 | |
| Accounts Payable | 47,700 | |
| Wages Payable | 13,000 | |
| W. Shannon, Capital | 20,970 | |
| W. Shannon, Withdrawals | 25,000 | |
| Entertainment Revenue | 338,000 | |
| Rent Expense | 26,800 | |
| Gas and Oil Expense | 3,000 | |
| Wage Expense | 219,700 | |
| Advertising Expense | 12,500 | |
| Legal Expense | 11,400 | |
| Totals | 636.400 | 488,670 |
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Advanced Management Accounting
Authors: Maurice L. Hirsch Jnr.
2nd Edition
1861526768, 978-1861526762
