Answered step by step
Verified Expert Solution
Question
1 Approved Answer
provide solution 6. In preparing the unadjusted trial balance of Blue Planet Co. you determined that the total debits does not equal total credits. Further
provide solution 6. In preparing the unadjusted trial balance of Blue Planet Co. you determined that the total debits does not equal total credits. Further investigation revealed the following information: The debit posting for a cash sale was omitted P 2,000 The balance of Inventory was listed as a credit 12.000 The balance of Insurance expense was listed as Rent expense 3,000 The balance of Unearned Interest Income was listed as a debit 5,000 Annual depreciation was not yet recorded 15,000 The total debits and total credits of the unadjusted trial balance would differ by what amount? ANSWER: 16,000
provide solution
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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