Prepare a corrected trial balance by changing incorrect amounts and placing each amount in the proper column. Davenport's European Tours Trial Balance October 31, 20-- Account Title Debit Credit Cash 15,560 Accounts Receivable 406 Supplies 246 Prepaid Insurance 589 Equipment 24,450 Accounts Payable 6,012 Davenport, Capital 30,500 Davenport, Drawing 1,800 Repair Fees 9,274 Wages Expense 4,250 Rent Expense 1,300 Advertising Expense 290 Utilities Expense 495 47,586 47,586 a. Be sure all accounts have been listed with the appropriate debit or credit balance and check column totals. b. The debits to the Cash account are $36,796, and the credits are $29,009. c. A $600 payment to a creditor was entered in the journal, but was not posted to the Accounts Payable account. Cash was properly posted. d. The Advertising Expense total has a transposition error of $81. e. Accounts Receivable contains a slide error. If an amount box does not require an entry, leave it blank. Davenport's European Tours Trial Balance October 31, 20-- Account Title Debit Credit $fill in the blank 2 $fill in the blank 3 fill in the blank 5 fill in the blank 6 fill in the blank 8 fill in the blank 9 fill in the blank 11 fill in the blank 12 fill in the blank 14 fill in the blank 15 fill in the blank 17 fill in the blank 18 fill in the blank 20 fill in the blank 21 fill in the blank 23 fill in the blank 24 fill in the blank 26 fill in the blank 27 fill in the blank 29 fill in the blank 30 fill in the blank 32 fill in the blank 33 fill in the blank 35 fill in the blank 36 fill in the blank 38 fill in the blank 39 Total $fill in the blank 40 $fill in the blank 41

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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Prepare a corrected trial balance by changing incorrect amounts and placing each amount in the proper column.

Davenport's European Tours Trial Balance October 31, 20--
Account Title	Debit	Credit
Cash	15,560
Accounts Receivable	406
Supplies	246
Prepaid Insurance	589
Equipment	24,450
Accounts Payable		6,012
Davenport, Capital		30,500
Davenport, Drawing		1,800
Repair Fees		9,274
Wages Expense	4,250
Rent Expense	1,300
Advertising Expense	290
Utilities Expense	495
	47,586	47,586

a.	Be sure all accounts have been listed with the appropriate debit or credit balance and check column totals.
b.	The debits to the Cash account are $36,796, and the credits are $29,009.
c.	A $600 payment to a creditor was entered in the journal, but was not posted to the Accounts Payable account. Cash was properly posted.
d.	The Advertising Expense total has a transposition error of $81.
e.	Accounts Receivable contains a slide error.

If an amount box does not require an entry, leave it blank.

Davenport's European Tours
Trial Balance
October 31, 20--
Account Title	Debit	Credit
	$fill in the blank 2	$fill in the blank 3
	fill in the blank 5	fill in the blank 6
	fill in the blank 8	fill in the blank 9
	fill in the blank 11	fill in the blank 12
	fill in the blank 14	fill in the blank 15
	fill in the blank 17	fill in the blank 18
	fill in the blank 20	fill in the blank 21
	fill in the blank 23	fill in the blank 24
	fill in the blank 26	fill in the blank 27
	fill in the blank 29	fill in the blank 30
	fill in the blank 32	fill in the blank 33
	fill in the blank 35	fill in the blank 36
	fill in the blank 38	fill in the blank 39
Total	$fill in the blank 40	$fill in the blank 41

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