off + CH 3 Homework Assignment 2 (balance TB and accruals and deferrals) Question 14...

70.2K

Verified Solution

Question

Accounting

image
image
off + CH 3 Homework Assignment 2 (balance TB and accruals and deferrals) Question 14 of 16 July > Apuwo zuzu Debit Credit Cash $6,032 Accounts Receivable 5,300 Supplies 3,027 Equipment 6,160 Accounts Payable $7,104 Common Stock 8,060 Retained Earnings 2,060 Service Revenue 5,260 Office Expense 4,380 $24,899 $22,484 -75 Question 14 of 16 An examination of the ledger shows these errors. 1 2 3. Cash received from a customer on account was recorded (both debit and credit) as $1,640 instead of $1,910. The purchase on account of a computer costing $3,423 was recorded as a debit to Office Expense and a credit to Accounts Payable Services were performed on account for a client, $2,310, for which Accounts Receivable was debited $2,310 and Service Revenue was credited $285 A payment of $155 for telephone charges was entered as a debit to Office Expense and a debit to Cash. The Service Revenue account was totaled at $5,260 instead of $5,340 4 5 From this information prepare a corrected trial balance AYAYAI TRAVELER CORPORATION Trial Balance

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