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Please write down the process of solving the problem and the answer in detail. On November 30, the balances in the General Ledger accounts of
Please write down the process of solving the problem and the answer in detail.
On November 30, the balances in the General Ledger accounts of Bamber Company resulted in the following totals: Total assets do not equal total liabilities plus equity because the following errors were made: - Supplies of $250 were on hand but were not included in assets because all purchases were debited to Supplies Expense. - Consulting service revenue of $7,850 were posted to the Service Revenue account as $8,750. The Accounts Receivable account was posted correctly. - Buildings purchased on credit for $25,800 was incorrectly posted to Notes Payable as $28,050. No error was made in the Buildings account. The correct balances in the asset, liability, and equity accounts, respectively, should beStep by Step Solution
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