An accountant is reviewing a trial balance. She knows the
Accounts Receivable balance, on the Trial...
An accountant is reviewing a trial balance. She knows the
Accounts Receivable balance, on the Trial Balance, should be $350.
However, the Trial Balance she is reviewing states the Accounts
Receivable balance is $300. The balance is understated. Which of
the following might be the cause of the error? Choose all that
apply. Group of answer choices
1)The accountant created an invoice twice.
2)The accountant didn't create an Invoice that should have been
created.
3)The accountant paid a bill twice....
Corrected Trial Balance
The Colby Group has the following unadjusted trial balance as of
August 31,...
Corrected Trial Balance
The Colby Group has the following unadjusted trial balance as of
August 31, 2019.
The Colby Group
Unadjusted Trial Balance
August 31, 2019
Debit Balances
Credit Balances
Cash
18,680
Accounts Receivable
33,440
Supplies
4,390
Prepaid Insurance
4,730
Equipment
106,000
Notes Payable
44,100
Accounts Payable
9,490
Terry Colby, Capital
68,180
Terry Colby, Drawing
23,200
Fees Earned
350,100
Wages Expense
206,686
Rent Expense
40,900
Advertising Expense
17,200
Miscellaneous Expense
11,200
466,426
471,870
The debit and credit totals are not...
8. A merchandising company shows $8,843 in the Supplies account
on the preadjusted trial balance. After...
8. A merchandising company shows $8,843 in the Supplies account
on the preadjusted trial balance. After taking inventory of the
actual supplies, the company still owns $3,638. a. How much was
used or expired? b. Write the adjusting entry.
The following is the Bravo Unlimited adjusted Trial
Balance.
Bravo Unlimited
Adjusted Trial Balance
December 31,...
The following is the Bravo Unlimited adjusted Trial
Balance.
Bravo Unlimited
Adjusted Trial Balance
December 31, 2016
Account Title
Debit
Credit
Cash
$88,450
Accounts Receivable
331,860
Supplies
13,255
Prepaid Rent
10,500
Equipment
295,285
Accumulated Depreciation
$236,760
Accounts Payable
75,555
Wages Payable
14,000
Capital Stock
220,000
Retained Earnings
111,145
Service Revenue
900,105
Interest Income
1,500
Rent Expense
64,000
Wages Expense
541,260
Supplies Expense
42,520
Utilities Expense
8,595
Depreciation Expense
156,500
Interest Expense
6,840
_________
Totals
$1,559,065
$1,559,065
Prepare the general...