The trial balance for Winslow's Auto Body has been prepared with errors. Use the trial balance to answer the questions that follow. Winslow's Auto Body Trial Balance For Month Ending April 30 Cash 19,475 Accounts Receivable ? Supplies 1,000 Equipment 15,000 Prepaid Insurance 500 Accounts Payable 2,500 Common Stock 17,000 Dividends 1,000 Fees Earned 49,600 Salary Expense 14,500 Rent Expense 9,000 Utilities Expense 1,400 Supplies Expense 3,900 Miscellaneous Expense 250 55,000 81,575 What would be the new totals of the trial balance after errors are corrected?

The trial balance for Winslow's Auto Body has been prepared with errors. Use the trial balance to answer the questions that follow. Winslow's Auto Body Trial Balance For Month Ending April 30 Cash 19,475 Accounts Receivable ? Supplies 1,000 Equipment 15,000 Prepaid Insurance 500 Accounts Payable 2,500 Common Stock 17,000 Dividends 1,000 Fees Earned 49,600 Salary Expense 14,500 Rent Expense 9,000 Utilities Expense 1,400 Supplies Expense 3,900 Miscellaneous Expense 250 55,000 81,575 What would be the new totals of the trial balance after errors are corrected?

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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Winslow's Auto Body Trial Balance For Month Ending April 30
Cash		19,475
Accounts Receivable	?
Supplies		1,000
Equipment	15,000
Prepaid Insurance		500
Accounts Payable		2,500
Common Stock	17,000
Dividends		1,000
Fees Earned		49,600
Salary Expense	14,500
Rent Expense		9,000
Utilities Expense	1,400
Supplies Expense	3,900
Miscellaneous Expense	250
	55,000	81,575