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The trial balance of Amanda's Candies, Inc., at September 30, 2014 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, 2014 does not balance: (Click the icon to view the trial balance.) The accounting records hold the following errors: a. Recorded a $400 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct. b. Posted a $2,000 credit to Accounts Payable as $200. c. Did not record utilities expense or the related account payable in the amount of $340. d. Understated Common Stock by $500. e. Omitted Insurance Expense of $3,900 from the trial balance. Requirement 1. Prepare the correct trial balance at September 30, 2014, 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, 2014 Cash $ 14,300 Accounts receivable 12,600 16,600 Inventory Supplies 800 Land 52,000 Accounts payable $ 12,000 Common stock 47,100 Sales revenue 42,800 Salary expense 1,900 Rent expense 1,200 900 Utilities expense $ 100,300 $ 101,900 Total Print Done
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