kylie's Kindle for Mac - Financial Accounting, 11th Edition 139% Page 4-36 of 0 h. L rost to ledger accomms. Prepare a post-closing trial balance. Prepare an adjusted trial balance. Analyze business transactions. BE4.9 (LO 3), AP At Creighton Company, the following errors were discovered after the transactions had been journalized and posted. Prepare the correcting entries. 1. A collection on account from a customer for $870 was recorded as a debit to Cash $870 and a credit to Service Revenue $870. 2. The purchase of store supplies on account for $1,570 was recorded as a debit to Supplies $1,750 and a credit to Accounts Payable $1,750. BE4.10 (LO 4), AP The balance sheet debit column of the worksheet for Hamidi Company includes the following accounts: Accounts Receivable $12,500, Prepaid Insurance $3,600, Cash $4,100, Supplies $5,200, and Debt Investments (short-term) $6,700. Prepare the current assets section of the balance sheet, listing the accounts in proper sequence. BE4.11 (LO 4), C The following are the major balance sheet classifications: Current assets (CA) Long-term investments (LTI) Property, plant, and equipment (PPE) Intangible assets (IA) Current liabilities (CL) Long-term liabties (LTL) Stockholders' equity (SE) BE4-4 & 4-5 BE4-6 SOUSE B C D E : 19 4 Prepare the correcting entries based on the Information provided in the book and using the formats provided below. Problem 1 (complete the yellow sections) 7 8 Entry was: 9 10 11 Cash 12 Service Revenue 13 Debit Credit $870 $870 14 Entry should have been (not the entry you record, but an entry you use to ident 15 16 17 Cash 18 Accounts Receivable Debit $870 Credit $870 19 20 Correcting entry: 21 22 Debit Credit 24 25 26 27 Problem 2 (complete the yellow sections) 28 29 Entry was: 30 31 32 Supplies 33 Accounts Payable Debit Credit $1,750 $1,750 34 36 Entry should have been (not the entry you record, but an entry you use to ident 36 37 38 Supplies Debit $1,570 Credit 39 Accounts Payable $1.570 Text Prepare the correcting entries based on the information provided in the book and 126 %- View Zoom Add Category Insert Table BE4-4 & 4-5 BE4-6 BE4-8 E4-9 B C D E 11 Cash Service Revenue 13 $870 $870 14 Entry should have been (not the entry you record, but an entry you use to ident 15 16 17 Cash 18 Accounts Receivable 19 20 Correcting entry: Debit $870 Credit $870 21 Debit Credit 22 23 24 25 26 27 Problem 2 (complete the yellow sections) 28 29 Entry was: 30 31 32 Supplies 33 Accounts Payable Debit $1,750 Credit $1,750 34 35 Entry should have been (not the entry you record, but an entry you use to ident 36 37 38 Supplies 39 Accounts Payable 40 41 Correcting entry: 42 43 44 Debit Credit $1,570 $1,570 Debit Credit