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the colby group correcting unadjusted trial balance; most total in boxes are wrong! not sure how to find correct soultion The Colly Group Unadjusted Trial
the colby group correcting unadjusted trial balance; most total in boxes are wrong! not sure how to find correct soultion
The Colly Group Unadjusted Trial Balence August 31, 2018 Debit Balances Credit Balances 4.000 6,220 140.000 0.000 12.490 Cash Account Recoratie Supe Prepaid Insurance Equipment Notes Payable Accounts Payabi Terry Golby, Capital Terry Colby Dig Fees med Wages Expense Rent Expense Advertising Experte Miscellaneous Expense 39.720 30.500 460,600 226 53.800 17,200 14.00 613.166 620,810 The debit and credit totals are not equal as a result of following error #. The balance of cash was overstated by $13,000 t. A cash receipt of $6,100 was posted as a debt to Cash 51.600 c. A debit of $4,500 to Accounts Receivable was not prosed d. A return of $528 of defective supplies was erroneously posted as a $502 credit to Supplies An insurance policy acquired at a cost of $1,000 was posted as a credit to Prepard Insurance 1. The balance of Notes Payable was overstated by $12.000 9. A credit of $1,670 in Accounts Payable was overlooked when dering the balance of the account. h. A debit of $3,200 for a withdrawal by the owner was posted as a debit to Terry Coty. Capital L. The balance of $12,700 in Advertising Expenses are as 517,200 in the trual balance 3. Gas, Blectricity, and Water Dxpense, with a balance of $3.960, was omitted from the tribanon Required: 1. Prepare corrected unadjusted trial barices el pt 11, 28. 1 an amount box does not requi The Colby Group Unadjusted Trial Balance August 31, 2018 Dube Credit Balances Balances Cash Accounts Receivable 100 Supplies Prepaid Insurance Equipment T. UN Notes Payable Accounts Payable Terry Colby, Capital Terry Colby, Drawing Fees Earned Wages Expense Hent Expense Advertising Expense Gas, Electricity, and Water Expo Miscellaneous Expense ILHEOLE E CULLUES belll: The Colly Group Unadjusted Trial Balence August 31, 2018 Debit Balances Credit Balances 4.000 6,220 140.000 0.000 12.490 Cash Account Recoratie Supe Prepaid Insurance Equipment Notes Payable Accounts Payabi Terry Golby, Capital Terry Colby Dig Fees med Wages Expense Rent Expense Advertising Experte Miscellaneous Expense 39.720 30.500 460,600 226 53.800 17,200 14.00 613.166 620,810 The debit and credit totals are not equal as a result of following error #. The balance of cash was overstated by $13,000 t. A cash receipt of $6,100 was posted as a debt to Cash 51.600 c. A debit of $4,500 to Accounts Receivable was not prosed d. A return of $528 of defective supplies was erroneously posted as a $502 credit to Supplies An insurance policy acquired at a cost of $1,000 was posted as a credit to Prepard Insurance 1. The balance of Notes Payable was overstated by $12.000 9. A credit of $1,670 in Accounts Payable was overlooked when dering the balance of the account. h. A debit of $3,200 for a withdrawal by the owner was posted as a debit to Terry Coty. Capital L. The balance of $12,700 in Advertising Expenses are as 517,200 in the trual balance 3. Gas, Blectricity, and Water Dxpense, with a balance of $3.960, was omitted from the tribanon Required: 1. Prepare corrected unadjusted trial barices el pt 11, 28. 1 an amount box does not requi The Colby Group Unadjusted Trial Balance August 31, 2018 Dube Credit Balances Balances Cash Accounts Receivable 100 Supplies Prepaid Insurance Equipment T. UN Notes Payable Accounts Payable Terry Colby, Capital Terry Colby, Drawing Fees Earned Wages Expense Hent Expense Advertising Expense Gas, Electricity, and Water Expo Miscellaneous Expense ILHEOLE E CULLUES belll Step by Step Solution
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