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The trial balance of Doyle, Inc., at September 30, 2014 does not balance: Click the icon to view the trial balance.) The accounting records hold
The trial balance of Doyle, 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 $600 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct b. Posted a $3,000 credit to Accounts Payable as $300 c. Did not record utilities expense or the related account payable in the amount of $690. d. Understated Common Stock by $400. e. Omitted Insurance Expense of $3,000 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. Cash 14,200 Accounts receivable 13,400 Inventory 17,100 Supplies 600 Land 53,000 Accounts payable 11,700 Common stock 47,600 Sales revenue 43,100 Salary expense 2,500 Rent expense 1,300 400 Utilities expense $ 102,500 $ 102,400 Total
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