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The unadjusted trial balance of Creative Company does not balance. View the unadjusted trial balance. The following errors are detected: View the errors. Prepare the
The unadjusted trial balance of Creative Company does not balance.
View the unadjusted trial balance.
The following errors are detected:
View the errors.
Prepare the corrected unadjusted trial balance at August Journal entries are not required.
Errors
a Cash is understated by $
b A $ debit to Accounts Receivable was posted as a credit.
c A $ purchase of supplies on account was neither journalized nor posted.
d Equipment was incorrectly transferred from the ledger as $ It should have been transferred as $
e Salaries Expense is overstated by $
f A $ cash payment for advertising expense was neither journalized nor posted.
g A $ cash dividend was incorrectly journalized as $
h Service Revenue was understated by $
i A month insurance policy was posted as a $ credit to Prepaid Insurance. Cash was posted correctly.
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