Requirement:

The graduate accountant for Triathlon posted the journal entries to the general ledger as indicated in the T-accounts below. Assume that the dollar amounts and accounts of the entries are correct.

The accountant noted that the accounting equation did not balance and thus some postings must have been made incorrectly.

Required: Identify the postings to the general ledger that were made incorrectly. Illustrate how each incorrect posting should have been made, checking the accounting equation balances after this correction.

Need:
Assets = Liabilities + Equity + Revenue - Expenses
A =	$ 0	L =	-
		E =
		R =
		Ex =
Totals	$	=

Accounts Receivable \begin{tabular}{|l|cc|} \hline 14-Feb & $ & 2,500 \\ \hline 22-Feb & $ & 1,900 \\ \hline Bal & $ & 4,400 \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline & \multicolumn{2}{c|}{ Equipment } \\ \hline 7-Feb & $30,000 \\ \hline Bal & $30,000 \\ \hline \end{tabular}