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The trial balance of Amanda's Candies, Inc., at September 30, 2016 does not balance (Click the icon to view the trial balance.) The accounting records
The trial balance of Amanda's Candies, Inc., at September 30, 2016 does not balance (Click the icon to view the trial balance.) The accounting records hold the following errors: (Click the icon to view the errors) Requirement 1. Prepare the correct trial balance at September 30, 2016, complete with a heading. Journal entries are not required. A correct trial balance will start with the appropriate header. Then enter the correct account balances after you adjust for the errors found in the investigation. Total the debits and credits. Amanda's Candies, Inc. Trial Balance September 30, 2016 Account Debit i Data Table Credit * More Info - X Cash Accounts receivable Inventory Supplies Land Accounts payable Common stock Sales revenue 14,600 12,400 16,700 1,000 53,000 Cash Accounts receivable Inventory Supplies Land. ............. Accounts payable .... Common stock Sales revenue. Salary expense Rent expense. a. Recorded a $100 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 $280. d. Understated Common Stock by $500 e. Omitted Insurance Expense of $3,300 from the trial balance. 11,800 47,100 43,700 Insurance expense 1,700 600 Print Salary expense Utilities expense Done 700 Utilities expense Rent expense $ 100,700 $ 102,600 Total .... Total Print Done Enter any number in the edit fields and then continue to the next
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