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Posted on Jul 10, 2024

whats incorect in each trail balance and t-accounts. this is grade 11 accounting Stay Home Out of Balance Trial Balance Assignment INSTRUCTIONS: > Students will

whats incorect in each trail balance and t-accounts. this is grade 11 accounting

Stay Home Out of Balance Trial Balance Assignment INSTRUCTIONS: > Students will follow the process of correcting the Trial Balance, T-Account and Transactions as shown in class. Students will use the Guided Practice on Correcting a Trial Balance Out of Balance provided as well as the video. Students have been provided with the Trial Balance of Stay Home Out of Balance Assignement and the corresponding T-accounts. Students will include their name in the assignment as the owner of the business. In this assignment students will need to locate 10 errors that affect the Trial Balance. STUDENTS WILL: 1. PREPARE A REPORT: Thinking 30 Marks (10 errors X 3 marks each -30 Marks) In a word document provide a written paragraph for each error, explaining the cause of the error and the area the error occurred. In the paragraph they will identify the affect the error had on the Trial Balance and all other accounts by assessing them as understated, overstated or correctly stated. 2. MARK CORRECTIONS ON THE TRIAL BALANCE AND T-ACCOUNTS STAY HOME OUT BALANCE ASSIGNMENT TRIAL BALANCE Tuesday, Sept. 22.2020 DENT CREDIT 5 1900.00 75.00 100000 NO. 100 105 106 107 130 115 120 130 203 203 204 205 210 215 220 300 ACCOUNTS Sank ARCornus ART Drew AR Smith Supplies Office Equipment Equipment Building A/P Costco AP Woolworth A/P Woolworth CIBC Bank Loan TD Bank Loan BOM Mortere Povable CIBC Morge Payable YOUR NAME Capital 1420000 35 000.00 11 300 00 13.00000 13,000.00 5.000.00 5.200 00 5450000 SR 500.00 TOTALE 136 DLS 00 5100 25000 STAY HOME OUT BALANCE ASSIGNMENT 100 110 130 2020 Bank 2020 16,790.00 2,000.00 300.00 1 200.00 5,000.00 8,000.00 2020 Supplies 30.988 001 6,000.00 8,000.00 6,000.00 150.00 5,000.00 600.001 1,000.00 5,000.00 Building 98,000.00 20,000.00 T 1 22,290.00 7.750.00 4.540.00 DR 14,000.00 30988.00 16.988.00T 118,000.00 T18.000,00 DR 105 115 A/P Costco 2020 A/R J. Cornus + 900.00 i 1,000.00 300.00 2020 Office Equipment 23,000.00 1,200.00 100001 2020 203 5,600.00 2020 8.00000 500.00 1 1 1,900.00 300.00 1,600.00 DR 100001 24,200.00 14,200.00 DR 600.00 DR 13,500.00 13.000.00 106 A/RT. Drew 125.00 120 2020 200.00 Equipment 2020 33 000.00 - 20,000.00 A/P Woolsworth 204 5.000.00 2020 125.00 DR 200.00 75.00 1 T 53.000.00 53.000,00 DR 5.000.00 5.000.00 107 125 A/R F. Smith 300.00 700.00 Truck 2020 i 55,000.00 CIBC Bank Loan 2.000.002020 I. 1 1.000. 1.000.00 DR 55,000.00 55,000.00 DR CK 2.000.00 2.000.00 TD Bank loan 210 4 000 001 2020 1.200.00 5,200.00 5.200700 1 CR BOM Morteare Payable 215 40,000.00 2020 500 00 15,000.00 1 500.00 55.000.00 54.500.00 CR CIBC Mortare Payable 220 54.000.00 2020 500.00 15.000.000 5.000 62.000.00 TER 6R 5000 h 300 2020 YOUR NAME Capital 137.503.00 1 150.00 3.000.00 1 2.000.00 5 000.00 700.00 1 3200.00 SOLO TOR Stay Home Out of Balance Trial Balance Assignment INSTRUCTIONS: > Students will follow the process of correcting the Trial Balance, T-Account and Transactions as shown in class. Students will use the Guided Practice on Correcting a Trial Balance Out of Balance provided as well as the video, Students have been provided with the Trial Balance of Stay Home Out of Balance Assignement and the corresponding T-accounts. Students will include their name in the assignment as the owner of the business. In this assignment students will need to locate 10 errors that affect the Trial Balance. STUDENTS WILL: 1. PREPARE A REPORT: Thinking 30 Marks (10 errors X 3 marks each -30 Marks) In a word document provide a written paragraph for each error, explaining the cause of the error and the area the error occurred. In the paragraph they will identify the affect the error had on the Trial Balance and all other accounts by assessing them as understated, overstated or correctly stated. 2. MARK CORRECTIONS ON THE TRIAL BALANCE AND T-ACCOUNTS STAY HOME OUT BALANCE ASSIGNMENT TRIAL BALANCE Tuesday, Sept. 22. 2020 NO CREDIT 5 ACCOUNTS Bank A/R). Cornus AIRT Drew A/RF. Smith Supplies Office Equipment Equipment Building A/P Costco AP Woolsworth A/P Woolsworth CIBC Bank Loan TD Bank Loan BOM Mortgage royable CIBC Motore Payable YOUR NAME Capital DEBIT 4540.00 1 900.00 75.00 1,000.00 CR 14,200.00 35 000 00 11.800.00 13,000.00 106 107 110 115 120 130 203 203 204 205 210 215 220 300 13,000.00 5.000.00 2,000.00 5.200.00 54.500.00 68 500 DO 6.550 00 TOTAL 136.015.00 $ 100 250.00 Stay Home Out of Balance Trial Balance Assignment INSTRUCTIONS: > Students will follow the process of correcting the Trial Balance, T-Account and Transactions as shown in class. Students will use the Guided Practice on Correcting a Trial Balance Out of Balance provided as well as the video. Students have been provided with the Trial Balance of Stay Home Out of Balance Assignement and the corresponding T-accounts. Students will include their name in the assignment as the owner of the business. In this assignment students will need to locate 10 errors that affect the Trial Balance. STUDENTS WILL: 1. PREPARE A REPORT: Thinking 30 Marks (10 errors X 3 marks each -30 Marks) In a word document provide a written paragraph for each error, explaining the cause of the error and the area the error occurred. In the paragraph they will identify the affect the error had on the Trial Balance and all other accounts by assessing them as understated, overstated or correctly stated. 2. MARK CORRECTIONS ON THE TRIAL BALANCE AND T-ACCOUNTS STAY HOME OUT BALANCE ASSIGNMENT TRIAL BALANCE Tuesday, Sept. 22.2020 DENT CREDIT 5 1900.00 75.00 100000 NO. 100 105 106 107 130 115 120 130 203 203 204 205 210 215 220 300 ACCOUNTS Sank ARCornus ART Drew AR Smith Supplies Office Equipment Equipment Building A/P Costco AP Woolworth A/P Woolworth CIBC Bank Loan TD Bank Loan BOM Mortere Povable CIBC Morge Payable YOUR NAME Capital 1420000 35 000.00 11 300 00 13.00000 13,000.00 5.000.00 5.200 00 5450000 SR 500.00 TOTALE 136 DLS 00 5100 25000 STAY HOME OUT BALANCE ASSIGNMENT 100 110 130 2020 Bank 2020 16,790.00 2,000.00 300.00 1 200.00 5,000.00 8,000.00 2020 Supplies 30.988 001 6,000.00 8,000.00 6,000.00 150.00 5,000.00 600.001 1,000.00 5,000.00 Building 98,000.00 20,000.00 T 1 22,290.00 7.750.00 4.540.00 DR 14,000.00 30988.00 16.988.00T 118,000.00 T18.000,00 DR 105 115 A/P Costco 2020 A/R J. Cornus + 900.00 i 1,000.00 300.00 2020 Office Equipment 23,000.00 1,200.00 100001 2020 203 5,600.00 2020 8.00000 500.00 1 1 1,900.00 300.00 1,600.00 DR 100001 24,200.00 14,200.00 DR 600.00 DR 13,500.00 13.000.00 106 A/RT. Drew 125.00 120 2020 200.00 Equipment 2020 33 000.00 - 20,000.00 A/P Woolsworth 204 5.000.00 2020 125.00 DR 200.00 75.00 1 T 53.000.00 53.000,00 DR 5.000.00 5.000.00 107 125 A/R F. Smith 300.00 700.00 Truck 2020 i 55,000.00 CIBC Bank Loan 2.000.002020 I. 1 1.000. 1.000.00 DR 55,000.00 55,000.00 DR CK 2.000.00 2.000.00 TD Bank loan 210 4 000 001 2020 1.200.00 5,200.00 5.200700 1 CR BOM Morteare Payable 215 40,000.00 2020 500 00 15,000.00 1 500.00 55.000.00 54.500.00 CR CIBC Mortare Payable 220 54.000.00 2020 500.00 15.000.000 5.000 62.000.00 TER 6R 5000 h 300 2020 YOUR NAME Capital 137.503.00 1 150.00 3.000.00 1 2.000.00 5 000.00 700.00 1 3200.00 SOLO TOR Stay Home Out of Balance Trial Balance Assignment INSTRUCTIONS: > Students will follow the process of correcting the Trial Balance, T-Account and Transactions as shown in class. Students will use the Guided Practice on Correcting a Trial Balance Out of Balance provided as well as the video, Students have been provided with the Trial Balance of Stay Home Out of Balance Assignement and the corresponding T-accounts. Students will include their name in the assignment as the owner of the business. In this assignment students will need to locate 10 errors that affect the Trial Balance. STUDENTS WILL: 1. PREPARE A REPORT: Thinking 30 Marks (10 errors X 3 marks each -30 Marks) In a word document provide a written paragraph for each error, explaining the cause of the error and the area the error occurred. In the paragraph they will identify the affect the error had on the Trial Balance and all other accounts by assessing them as understated, overstated or correctly stated. 2. MARK CORRECTIONS ON THE TRIAL BALANCE AND T-ACCOUNTS STAY HOME OUT BALANCE ASSIGNMENT TRIAL BALANCE Tuesday, Sept. 22. 2020 NO CREDIT 5 ACCOUNTS Bank A/R). Cornus AIRT Drew A/RF. Smith Supplies Office Equipment Equipment Building A/P Costco AP Woolsworth A/P Woolsworth CIBC Bank Loan TD Bank Loan BOM Mortgage royable CIBC Motore Payable YOUR NAME Capital DEBIT 4540.00 1 900.00 75.00 1,000.00 CR 14,200.00 35 000 00 11.800.00 13,000.00 106 107 110 115 120 130 203 203 204 205 210 215 220 300 13,000.00 5.000.00 2,000.00 5.200.00 54.500.00 68 500 DO 6.550 00 TOTAL 136.015.00 $ 100 250.00