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The Trial Balance of Learn For Life Child Care Does PDF
The Trial Balance of Learn For Life Child Care Does PDF
The trial balance of Learn for Life Child Care does not balance.The following errors are
detected:a. Cash is understated by $1,800.b. A $3,900 debit to Accounts Receivable was
posted as a credit.c. A $ 1,200 purchase of office supplies on account was neither journalized
nor posted.d. Equipment was incorrectly transferred from the ledger as $89,300. It should have
been transferred as $81,500.e. Salaries Expense is overstated by $500.£ A $600 cash payment
for advertising expense was neither journalized nor posted.g. A $ 100 cash dividend was
incorrectly journalized as $ 1,000.h. Service Revenue was understated by $4,200.i. A 12-month
insurance policy was posted as a $1,300 credit to Prepaid Insurance. Cash was posted
correctly.Prepare the corrected trial balance as of May 31, 2017. Journal entries are not
required.View Solution:
The trial balance of Learn for Life Child Care does
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