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EX 2-20 Errors in trial balance Obj. Identify the errors in the_following trial balance, All accounts have normal balances. Ensemble Co. Unadjusted Trial Balance For the Year Ending December 31, 2018 Debit Balances Credit Balances CILL Cash. -Accounts Receivable. Prepaid Insurance . -Equipment... Accounts Payable Salaries Payable. Common Stock Retained Earnings wi2 L'd Dividends. Service Revenue 2 LeS b'A Şalary Expense wawatd b'a w L Advertising Expense.wawadb'd waid Miscellaneous Expense a 42,900 123,500 27,000 300,000 52,000 4,800 40,000 137,200 5,000 1,216,000 660,000 275,000 16,600 1,801,500 -- 1,801,500

EX 2-20 Errors in trial balance Obj. Identify the errors in the_following trial balance, All accounts have normal balances. Ensemble Co. Unadjusted Trial Balance For the Year Ending December 31, 2018 Debit Balances Credit Balances CILL Cash. -Accounts Receivable. Prepaid Insurance . -Equipment... Accounts Payable Salaries Payable. Common Stock Retained Earnings wi2 L'd Dividends. Service Revenue 2 LeS b'A Şalary Expense wawatd b'a w L Advertising Expense.wawadb'd waid Miscellaneous Expense a 42,900 123,500 27,000 300,000 52,000 4,800 40,000 137,200 5,000 1,216,000 660,000 275,000 16,600 1,801,500 -- 1,801,500

FINANCIAL ACCOUNTING
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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EX 2-20 Errors in trial balance Obj. 4 Identify the errors in the_following trial balance, All accounts have normal balances. Ensemble Co. Unadjusted Trial Balance For the Year Ending December 31, 2018 Debit Balances Credit Balances -- Cash --Accounts Receivable. .. Prepaid Insurance --Equipment. .. -Accounts Payable Salaries Payable . -- Common Stock, Retained Earnings - Dividends _Service Revenue Salary Expense. Advertising Expense. awaa w'suad Miscellaneous Expense „ --- w-a w 42,900 123,500 重 27,000 300,000 52,000 4,800 40,000 137,200 5,000 1,216,000 660,000 275,000 16,600 1,801,500 1,801,500 EX 2-21 Entries to correct errors Obj. 4 %3D
Transcribed Image Text:EX 2-20 Errors in trial balance Obj. 4 Identify the errors in the_following trial balance, All accounts have normal balances. Ensemble Co. Unadjusted Trial Balance For the Year Ending December 31, 2018 Debit Balances Credit Balances -- Cash --Accounts Receivable. .. Prepaid Insurance --Equipment. .. -Accounts Payable Salaries Payable . -- Common Stock, Retained Earnings - Dividends _Service Revenue Salary Expense. Advertising Expense. awaa w'suad Miscellaneous Expense „ --- w-a w 42,900 123,500 重 27,000 300,000 52,000 4,800 40,000 137,200 5,000 1,216,000 660,000 275,000 16,600 1,801,500 1,801,500 EX 2-21 Entries to correct errors Obj. 4 %3D
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