Task 4 When you have identified the errors: Systematically trace and reconcile errors, and please note them
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Question:
Task
When you have identified the errors:
Systematically trace and reconcile errors, and please note them in the answer space provided below.
make the alterations in the Trial Balance so that it balances and can then be relied on to prepare the Financial
Reports. use "strikethrough" to cross the error and write the correct amount
After identifying the error and writing the correct amount, you must recalculate and check whether the total amount
of Debit and Credit are the same.
If the total amount of each Debit and Credit is different, you must recalculaterecheck your answer before
proceeding to the next task.Please refer to Chapter Final Reports learning materials to complete the following questions:
You are provided with the following Trial Balance on June for Amazon Traders. This company uses the perpetual inventory system.
Required:
Before preparing the required financial reports, first, you must check the Trial Balance below, as you may not be aware that there are some errors, and the Trial Balance total amount is not balanced.
tableAmazon Traders Trial Balance on June Account Name,Debit,CreditAccumulated Depreciation Van,,AdvertisingBankCapitalAccounts Payable,,Accounts Receivable,Delivery Van,Discount Allowed,InsuranceInvestmentsMortgageInventory at Cost of Goods Sold,RentSalesTask
Prepare the Ten Column Worksheet
Additional Information:
Balance Day Adjustments still to be recorded:
Prepaid rent
Depreciation Van
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