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trial place correct help seuoks nal Balance: Unequal Totals Tmal Balance: Correct Errors in Trial Balance Accounting Equation KL Company Inc. In February, Katie Long
trial place correct help
seuoks nal Balance: Unequal Totals Tmal Balance: Correct Errors in Trial Balance Accounting Equation KL Company Inc. In February, Katie Long formed KL Company Inc. Transactions for the month of March have been posted to the I accounts An interm has prepared a trial balance from the T accounts, but there seem to Required: 1. In the Transactions panel, descriptions of the transactions for the month of March are provided Each of the transactions in the Transactions panel has been posted to the T accounts. Referring to the T accounts, select the date on which each transaction occurred, enter the amount of the transaction, and select the account to debit and credit 2. The trial balance prepared by the intern can be found in the Trial Balance unequal Totals panel. The intern is puzzled by the unequal totals Prepare a corrected triai balance on the Trial Balance: Correct panel 3. Compare the trial balance prepared by the intern (Trial Balance: Unequal Totals) to the trial balance that you prepered (Trial Balance Correct) Use the table provided in the Errors in Trial Balance panel to select the accounts for each type of error 4. The intern is puzzied and asks Are you sure the accounting equation is still in balance? Using the corrected triai balance you prepared, prove that the accounting equation is in balance Still puzzled, the intern asks Why do none of the amounts in the accounting equation equal the totals on the trial balance? Explain accounts Cash 2,300,00 Bal. 8,000.003/3 1,300,00 3/25 7,800.00 3/27Step by Step Solution
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