Jozef's Roofing Services showed the following post-closing trial balance after the posting of the closing...

60.1K

Verified Solution

Question

Accounting

Jozef's Roofing Services showed the following post-closing trial balance after the posting of the closing entries
\table[[Cash,Debit,Credit],[Accounts receivable,$21,900,],[Equipment,36,900,],[Accumulated depreciation, equipment,64,000,],[Trucks,147,000,],[Accumulated depreciation, trucks,,70,500],[Accounts payable,,20,100],[Jozef Jones, capital,60,800,226,010],[Jozef Jones, withdrawals,1200,],[Interest income,$330,750?,1,240],[Other expenses,$330,750?,],[Totals,,]]
Required:
Identify the error(s) in the post-closing trial balance. (You may select more than one answer. Single click the bo mark to produce a check mark for a correct answer and double click the box with the question mark to empty answer.)
? Cash
Jozef Jones, withdrawals
Accounts receivable
? Interest income
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students