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Terry Jones, the owner of Metlock Mountain Tours, prepared the following trial balance at March 31 , 2024 A review shows that Terry made the
Terry Jones, the owner of Metlock Mountain Tours, prepared the following trial balance at March 31 , 2024 A review shows that Terry made the following errors in the accountine records: 1. A purchase of 5600 of supplies on account was recorded as a credit to Cash. The debit entry was correct. 2. As100 credit to Accounts Recelvable was posted as 51.000 3. Ajournal entry to record service revenue of 3870 earned on account was not prepared or posted. 4. A journal entry to racord the payment of 5240 for an advertising expense was correctly prepared but the credit to cash was posted as a debit. The debit to Advertising Expense was properly posted. Prepare the correct trial balance at March 31,2024. using the format shown in the chapter. (Hint: You should also make sure that the account balances are recorded in the correct columns on the trial balance)
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