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The ledger of Quintana Company contains the following balances: Owner's Capital $ 4 0 , 0 0 0 , Owner's Drawings $ 3 , 0
The ledger of Quintana Company contains the following balances: Owner's Capital $ Owner's Drawings $ Service Revenue $ Salaries and Wages Expense $ and Maintenance and Repairs Expense $ Prepare the closing entries at December At Shields Company, the following errors were discovered after the transactions had been journalized and posted. Prepare the correcting entries.Prepare correcting entries.a A cash sale to a customer for $ was recorded as a debit to Cash $ and a credit to Accounts Receivable $b The purchase of equipment on account for $ was recorded as a debit to Equipment $ and a credit to Accounts Payable $The balance sheet debit column of the worksheet for Miguel Company includes the following accounts: Accounts Receivable $ Prepaid Insurance $ Cash $ Supplies $ and Stock Investments shortterm $ Prepare the current assets section of the balance sheet, listing the accounts in proper sequence.
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