Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following account balances were listed on the trial balance of Edgar Company at the end of the period: The company's trial balance is not

The following account balances were listed on the trial balance of Edgar Company at the end of the period:
The company's trial balance is not in balance and the company's accountant has determined that the error is in the cash account. What is the correct balance in the cash?
A. $63,300
B. $2,700
C. $64,200
D.$33,000
image text in transcribed
MC Qu. 138 The following account balances were.. The following account balances were listed on the trial balance of Edgar Company at the end of the perlod: Account Bal $ 31,200 Accounts payable Cash Common Stock Equipment Land Notes Payable 49,500 33,000 15,000 46,500 61,500 The company's trial balance is not In balance and the company's accountant has determined that the error is In the cash account. What is the correct balance in the cash account? O $63.300 O $2.700 O $64.200. O $33,000 References Multiple Choice MC Qu. 138 The following account balances

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Market Contact Audit

Authors: Gerardus Blokdyk

2nd Edition

0655179771, 978-0655179771

More Books

Students also viewed these Accounting questions