subject
Business, 15.02.2021 20:30 colin5514

The following preliminary unadjusted trial balance of Ranger Co., sports ticket agency, Errors in trial balance Ranger Co. Unadjusted
Trial Balance
August 31, 2014
Debit balance Credit Balances
Cash 77600
Accounts Receivable. 377500
Prepaid Insurance 12000
Equipment.. 19000
Accounts Payable 29100
Unearned Rent 10800
Carmen Meeks, Capital 110000
Carmen Meeks, Drawing. 13,000
Service Revenue 385000
Wages 213000
Expense
Advertising Expense.. 16350
Miscellaneous Expense 18,400
273,700 668,300
When the ledger and other records are reviewed, you discover the following:
(1) the debits and credits in the cash account total $77,600 and $62,100, respectively;
(2) a billing of $9,000 to a customer on account was not posted to the accounts receivable account
(3) a payment of $4,500 made to a creditor on account was not posted to the accounts payable accOunt;
(4) the balance of the unearned rent account is $5,400;
(5) the correct balance of the equipment account is $190,000; and
(6) each account has a normal balance.
Prepare a corrected unadjusted trial balance.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 20:30
What is the most important type of decision that the financial manager makes?
Answers: 2
question
Business, 22.06.2019 08:30
Conor is 21 years old and just started working after college. he has opened a retirement account that pays 2.5% interest compounded monthly. he plans on making monthly deposits of $200. how much will he have in the account when he reaches 591 years of age?
Answers: 2
question
Business, 22.06.2019 11:20
Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?
Answers: 3
question
Business, 23.06.2019 06:10
Which steps would you take to determine how much an employee should be paid? select all that apply. determine the number of hours the employee was scheduled to work. determine the number of hours the employee worked. determine whether the employee worked overtime hours. determine whether any of the days worked are holidays that receive holiday overtime payment rates. determine the hourly rate this employee earns. determine whether this is a new employee.
Answers: 1
You know the right answer?
The following preliminary unadjusted trial balance of Ranger Co., sports ticket agency, Errors in tr...
Questions
question
Biology, 23.10.2019 08:00
question
Biology, 23.10.2019 08:00
Questions on the website: 13722367