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The trial balance of Garvey, Inc., at September 30, 2014 dces not balance 1 (Cick the kon to view the trial balance) The accounting recoeds
The trial balance of Garvey, Inc., at September 30, 2014 dces not balance 1 (Cick the kon to view the trial balance) The accounting recoeds hoid he following etrors More Info a Recorded a 5300 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct b. Posteda $1,000 credit to Accounts Payable as $100 C. Did not record utilities expense or the reated account payable in the amount or$460 d. Understated Common Stock by $200 e. Omitted Insurance Expense of $3,800 trom the trial balance S 14,700 Actounls recevable 1. Prepare the correct tnal baance at September 30, 2014, complete with a heading Journal entries are not requirea s 12,000 47.500 42,7OO Actours payable Common stock Sales revenue Salary expense Rent expense Utlites expense A correct trial balance wll start with the appropnate header Then enter the comect account balances atter you adjust for the errors found in the investigation Total the debits and credts 3000 12.70 59,600 102.300 Print Done
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