Terry Garcia, the owner of Skysong Mountain Tours, prepared the following trial balance at March...
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Accounting
Terry Garcia, the owner of Skysong Mountain Tours, prepared the following trial balance at March Cash $ Accounts receivable Supplies Equipment Accounts payable $ T Garcia, capital T Garcia, drawings Service revenue Advertising expense Salaries expense Totals A review shows that Terry made the following errors in the accounting records: A purchase of $ of supplies on account was recorded as a credit to Cash. The debit entry was correct. credit to Accounts Receivable was posted as $ A journal entry to record service revenue of $ earned on account was not prepared or posted. A journal entry to record the payment of $ for an advertising expense was correctly prepared but the credit to cash was posted as a debit. The debit to Advertising Expense was properly posted.
Terry Garcia, the owner of Skysong Mountain Tours, prepared the following trial balance at March
Cash
$
Accounts receivable
Supplies
Equipment
Accounts payable
$
T Garcia, capital
T Garcia, drawings
Service revenue
Advertising expense
Salaries expense
Totals
A review shows that Terry made the following errors in the accounting records:
A purchase of $ of supplies on account was recorded as a credit to Cash. The debit entry was correct.
credit to Accounts Receivable was posted as $
A journal entry to record service revenue of $ earned on account was not prepared or posted.
A journal entry to record the payment of $ for an advertising expense was correctly prepared but the credit to cash was
posted as a debit. The debit to Advertising Expense was properly posted.
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