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prepare trail balance trail balance has 12 column like upper column Your review of the ledger reveals that each account has a normal balance. You
prepare trail balance trail balance has 12 column like upper column
Your review of the ledger reveals that each account has a normal balance. You also discover the following errors: 1. Cash received from a customer on account was debited to Cash for $430 and Accounts Receivab 2. The purchase of supplies on account for $370 was recorded as a debit to Equipment for $370 and 3. Services of $980 were performed on account for a client. Accounts Receivable was debited for $ 4. Adebit posting to Office Expense of $495 was not done. 5. A payment on account for $403 was credited to Cash for $403 and debited to Accounts Payable 6. The withdrawal of $400 cash for Winter's personal use was debited to Salaries Expense for $400 7. A transposition error (reversal of digits) was made when copying the balance in Service Revenue 8. The general ledger contained a Prepaid Insurance account with a debit balance of $678. Prepare a correct trial balance. Your review of the ledger reveals that each account has a normal balance. You also discover the following errors: and Accounts Receivable was credited for the same amount. The actual collection was $340. Equipment for $370 and a credit to Accounts Payable for $370. able was debited for $98 and Service Revenue was credited for $980. d to Accounts Payable for $304. aries Expense for $400 and credited to Cash for $400. ve in Service Revenue to the trial balance. The correct balance recorded in the account was $4,360. lance of $678 Prepare a correct trial balance WINTER CO. Trial Balance 11:09 30-09-20 Your review of the ledger reveals that each account has a normal balance. You also discover the following errors: $430 and Accounts Receivable was credited for the same amount. The actual collection was $340. bit to Equipment for $370 and a credit to Accounts Payable for $370. Receivable was debited for $98 and Service Revenue was credited for $980 Idebited to Accounts Payable for $304 d to Salaries Expense for $400 and credited to Cash for $400, ve balance in Service Revenue to the trial balance. The correct balance recorded in the account was lebit balance of $678. Prepare a correct trial balance. WINTER CO. Trial Balance 12:09 30-09-20 Prepare a correct trial balance. WINTER CO. Trial Balance June 30, 2021 Debit CreditStep by Step Solution
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