Below is the trial balance for Winslow’s Auto Body. Winslow’s Auto Body Trial Balance For Month Ending April 30 1 Debits Credits 2 Cash $19,475.00 3 Accounts Receivable ? 4 Supplies 1,000.00 5 Equipment 15,000.00 6 Prepaid Insurance 500.00 7 Accounts Payable 2,500.00 8 Common Stock 17,000.00 9 Dividends 1,000.00 10 Fees Earned 49,600.00 11 Salary Expense 14,500.00 12 Rent Expense 9,000.00 13 Utilities Expense 1,400.00 14 Supplies Expense 3,900.00 15 Miscellaneous Expense 250.00 16 $55,000.00 $81,575.00 Required: What would be the new totals of the trial balance after errors are corrected? What would be the balance of Accounts Receivable? Analysis What would be the new balance of the trial balance after errors are corrected? What would be the balance of Accounts Receivable?

Below is the trial balance for Winslow’s Auto Body. Winslow’s Auto Body Trial Balance For Month Ending April 30 1 Debits Credits 2 Cash $19,475.00 3 Accounts Receivable ? 4 Supplies 1,000.00 5 Equipment 15,000.00 6 Prepaid Insurance 500.00 7 Accounts Payable 2,500.00 8 Common Stock 17,000.00 9 Dividends 1,000.00 10 Fees Earned 49,600.00 11 Salary Expense 14,500.00 12 Rent Expense 9,000.00 13 Utilities Expense 1,400.00 14 Supplies Expense 3,900.00 15 Miscellaneous Expense 250.00 16 $55,000.00 $81,575.00 Required: What would be the new totals of the trial balance after errors are corrected? What would be the balance of Accounts Receivable? Analysis What would be the new balance of the trial balance after errors are corrected? What would be the balance of Accounts Receivable?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 11PA: Prepare journal entries to record the following transactions. Create a T-account for Prepaid...

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1		Debits	Credits
2	Cash		$19,475.00
3	Accounts Receivable	?
4	Supplies		1,000.00
5	Equipment	15,000.00
6	Prepaid Insurance		500.00
7	Accounts Payable		2,500.00
8	Common Stock	17,000.00
9	Dividends		1,000.00
10	Fees Earned		49,600.00
11	Salary Expense	14,500.00
12	Rent Expense		9,000.00
13	Utilities Expense	1,400.00
14	Supplies Expense	3,900.00
15	Miscellaneous Expense	250.00
16		$55,000.00	$81,575.00

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