Question
The following errors were detected: The cash balance is overstated by $6,000. Rent expense of $3,000 was posted as a credit rather than a debit.
The following errors were detected:
The cash balance is overstated by $6,000.
Rent expense of $3,000 was posted as a credit rather than a debit.
The balance of Advertising Expense is $4,500, but it is listed as $6,000 on the trial balance.
A $9,000 debit to Accounts Receivable was posted as $900.
The balance of Utilities Expense is understated by $900.
A $19,500 debit to the G. Mackle, Withdrawals account was posted as a debit to G. Mackle, Capital.
A $1,500 purchase of supplies on account was neither journalized nor posted.
An $87,000 credit to Service Revenue was not posted.
Office furniture should be listed in the amount of $19,500.
Required Prepare the corrected trial balance at July 31, 2020. Journal entries are not required.
P2-6B The trial balance for Mackle Fitness, shown below, does not balance. MACKLE FITNESS Unadjusted Trial Balance July 31, 2020 Cash $ 47,000 Accounts receivable 30,000 Supplies 7,500 Office furniture 34,500 Fitness equipment 600,000 Accounts payable Note payable G. Mackle, capital G. Mackle, withdrawals 55,500 Service revenue Salaries expense 42,500 Rent expense 9,000 Advertising expense 6,000 Utilities expense 3,000 Total $835,000 $ 30,000 194,500 442,500 73,500 $740,500Step by Step Solution
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