The following trial balance was prepared incorrectly, rearrange the accounts in proper order, Calculate the total of the trial balance. Assume each account has a normal balance TIMMONY CO. TRIAL BALANCE DECEMBER 31, 201X Dr. Cr. D. Timmony, Capital Equipment Rent Expense Advertising Expense Accounts Payable 48|00 1600 2500 500
The following trial balance was prepared incorrectly, rearrange the accounts in proper order, Calculate the total of the trial balance. Assume each account has a normal balance TIMMONY CO. TRIAL BALANCE DECEMBER 31, 201X Dr. Cr. D. Timmony, Capital Equipment Rent Expense Advertising Expense Accounts Payable 48|00 1600 2500 500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Ex3.1.6
The following trial balance was prepared incorrectly, rearrange the accounts in proper order,
Calculate the total of the trial balance. Assume each account has a normal balance
TIMMONY CO.
TRIAL BALANCE
DECEMBER 31, 201X
Dr.
Cr.
D. Timmony, Capital
Equipment
Rent Expense
Advertising Expense
Accounts Payable
4800
1600
2500
500
800
Lo search
ASUS

Transcribed Image Text:TIMMONY CO.
TRIAL BALANCE
DECEMBER 31, 201X
Dr.
Cr.
D. Timmony, Capital
Equipment
Rent Expense
Advertising Expense
Accounts Payable
以4800
1600
2500
500
800
Taxi Fees
1600
Cash
1500
D. Timmony, Withdrawals
11l00
Totals
9500
49 00
On June 1, 2010, a telephone expense for $250 was debited to Repair Expense. On June 10,
2010, this error was found. Prepare the corrected journal entry. When would a correcting entry
not be needed?
To search
ASUS
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