The trial balance for Ocean Divers Exploration Company does not balance. The following errors were detected: a.
Question:
The trial balance for Ocean Divers Exploration Company does not balance.
The following errors were detected:
a. The Cash balance is overstated by $ 1,000.
b. Rent Expense of $ 300 was erroneously posted as a credit rather than a debit.
c. A $ 6,000 credit to Service Revenue was not posted.
d. A $ 500 debit to Accounts Receivable was posted as $ 50.
e. The balance of Utilities Expense is understated by $ 90.
f. A $ 600 purchase of office supplies on account was neither journalized nor posted.
g. Computers should be $ 17,160.
Prepare the corrected trial balance at July 31, 2015. Journal entries are notrequired.
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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