Errors in trial balance Identify the errors in the following trial balance. All accounts have normal balances. Cash Ensemble Co. Unadjusted Trial Balance For the Year Ending December 31, 20Y8 Debit Balances Accounts Receivable Prepaid Insurance Equipment Accounts Payable Salaries Payable Ty Kincaid, Capital Ty Kincaid, Drawing Service Revenue Salary Expense Advertising Expense Miscellaneous Expense 93,100 44,090 622,000 23,510 407,600 18,610 1,896,670 Credit Balances 203,780 15,680 533,900 74,460 979,700 89,150 1,896,670 After identifying the errors, prepare a corrected unadjusted trial balance. If an amount box does not require an entry, leave it blank.

Errors in trial balance Identify the errors in the following trial balance. All accounts have normal balances. Cash Ensemble Co. Unadjusted Trial Balance For the Year Ending December 31, 20Y8 Debit Balances Accounts Receivable Prepaid Insurance Equipment Accounts Payable Salaries Payable Ty Kincaid, Capital Ty Kincaid, Drawing Service Revenue Salary Expense Advertising Expense Miscellaneous Expense 93,100 44,090 622,000 23,510 407,600 18,610 1,896,670 Credit Balances 203,780 15,680 533,900 74,460 979,700 89,150 1,896,670 After identifying the errors, prepare a corrected unadjusted trial balance. If an amount box does not require an entry, leave it blank.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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