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The trial balance of Addison, Inc., at September 30, 2014 does not balance. Please solve for credits/debits for cash, accounts receivable, inventory, supplies, land, accounts
The trial balance of Addison, Inc., at September 30, 2014 does not balance. Please solve for credits/debits for cash, accounts receivable, inventory, supplies, land, accounts payable, common stock, sales revenue, insurance expense, salary expense, rent expense, utility expense, and totals. See pictures 1 & 2 for question and picture 3 for data.
The trial balance of Addison, Inc., at September 30, 2014 does not balance: O (Click the icon to view the trial balance.) The accounting records hold the following errors: a. Recorded a $600 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct. b. Posted a $1,000 credit to Accounts Payable as $100. c. Did not record utilities expense or the related account payable in the amount of $460. d. Understated Common Stock by $100. e. Omitted Insurance Expense of $3,400 from the trial balance. Requirement 1. Prepare the correct trial balance at September 30, 2014, complete with a heading. Journal entries are not required. Account Credit Ciact Accounts receivable Inventory Supplies Land Accounts payable Common stockStep by Step Solution
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