Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

the trial balance of Marius Santiago Co shown below does not balance 1.cash recieved from a customer in payment of its account was debited for

image text in transcribedthe trial balance of Marius Santiago Co shown below does not balance 1.cash recieved from a customer in payment of its account was debited for 580 and accounts receivable was credited for the same amount. the actual collection was for 850 2.the purchase of a computer on account for 710 was recorded as a debit to supplies for 710 and a credit to accounts payable for 710 3. services were performed on account for a client for 980 accounts receivable was debited for 980 and service rev was credited for 98 4.a debit posting to salaries and wages expense of 700 was omitted 5.a payment of a balance due for 306 was credited to cash for 306 and credited to accounts payable for 360 6. the withdrawal of 600 cash for Santiago personal use was debited to salaries and wages expense for 600 and credited to cash for 600 PERPARE A CORRECT TRIAL BALANCE and compare the mistake

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quality Audits Are Fun Journal Notes Checklists Questions Observations Evidence Log

Authors: Just Visualize It, The Quality Guy

1st Edition

1726628981, 978-1726628983

More Books

Students also viewed these Accounting questions

Question

Analyze the impact of labor unions on health care.

Answered: 1 week ago

Question

Assess three motivational theories as they apply to health care.

Answered: 1 week ago

Question

Discuss the history of U.S. labor unions.

Answered: 1 week ago