Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following trial balance of nash traveler corpo

The following trial balance of Nash Traveler Corporation does not balance. An examination of the...

90.2K

Verified Solution

Question

Accounting

image
image
image
The following trial balance of Nash Traveler Corporation does not balance. An examination of the ledger shows these errors. An examination of the ledger shows these errors. 1. Cash received from a customer on account was recorded (both debit and credit) as $1,280 instead of $1,820. 2. The purchase on account of a computer costing $3,203 was recorded as a debit to Office Expense and a credit to Accounts Payable. 3. Services were performed on account for a client, $2,350, for which Accounts Receivable was debited $2,350 and Service Revenue was credited \$235. 4. A payment of $195 for telephone charges was entered as a debit to Office Expense and a debit to Cash. 5. The Service Revenue account was totaled at $5,300 instead of $,380. From this information prepare a corrected trial balance. NASH TRAVELER CORPORATION Trial Balance Debit Credit $ 5 Totals $

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

Basic Math
1.2K views

for each of the five functions f1-(x,1/y) ,f2-(0,y) ,f3 (x+2y,y) ,f4-(x-2,y+1) ,f5 (x,y^3-y) prove or disprove...

Medical Sciences
1.2K views

Provide a detailed discussion pertaining to the contributions of 3 organ systems to restore homeostasis following a...

Basic Math
1.2K views

Calculate the value for the marked cell (?). Risk of coronary death, by number of cigarettes smoked...

Biology
1.2K views

12 Recombination frequencies can be easily calculated by adding the number of offspring that are...

Basic Math
1.2K views

In this problem you will complete the details of the proof of an indirect proof...

Algebra
1.2K views

Verify the validity of the UPC 6 39382 00039 1 O Not valid because 68...

Accounting
1.2K views

Which of the following generally indicates a positive change? The...

Accounting
1.2K views

Comfort Corporation is a company that manufactures and sells chairs. On 1/1/21, the company purchases...

Accounting
1.2K views

Kristina would like to ensure the culture and mission of her small business, PANK Co.,...

Accounting
1.2K views

7. Use the following information to decide if you would recommend your clients buy STU...

Accounting
1.2K views

d. Prepare a multistep income statement and a balance sheet for year 2. ...

Accounting
1.2K views

The summaries of data from the balance sheet, income statement, and retained earnings statement for...