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The unadjusted trial balance of Building Blocks Company does not balance. View the unadjusted trial balance. The following errors are detected: View the errors. Prepare the corrected unadjusted trial balance at August 31, 2025. Journal entries are not required. Account Title Total Building Blocks Company Unadjusted Trial Balance August 31, 2025 Debit Balance Credit Errors a. b. C. d. e. f. g. h. i. Cash is understated by $1,600. A $4,700 debit to Accounts Receivable was posted as a credit. A $900 purchase of supplies on account was neither journalized nor posted. Equipment was incorrectly transferred from the ledger as $87,600. It should have been transferred as $79,000. Salaries Expense is overstated by $500. A $800 cash payment for advertising expense was neither journalized nor posted. A $140 cash dividend was incorrectly journalized as $1,400. Service Revenue was understated by $3,800. A 12-month insurance policy was posted as a $1,300 credit to Prepaid Insurance. Cash was posted correctly. Print Done Unadjusted Trial Balance Account Title Cash Building Blocks Company Unadjusted Trial Balance August 31, 2025 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Notes Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense Total Print Debit Balance 7,940 5,600 1,700 900 87,600 3,560 3,500 1,000 111,800 $ Done Credit 3,700 48,000 58,000 2,800 112,500 X

The unadjusted trial balance of Building Blocks Company does not balance. View the unadjusted trial balance. The following errors are detected: View the errors. Prepare the corrected unadjusted trial balance at August 31, 2025. Journal entries are not required. Account Title Total Building Blocks Company Unadjusted Trial Balance August 31, 2025 Debit Balance Credit Errors a. b. C. d. e. f. g. h. i. Cash is understated by $1,600. A $4,700 debit to Accounts Receivable was posted as a credit. A $900 purchase of supplies on account was neither journalized nor posted. Equipment was incorrectly transferred from the ledger as $87,600. It should have been transferred as $79,000. Salaries Expense is overstated by $500. A $800 cash payment for advertising expense was neither journalized nor posted. A $140 cash dividend was incorrectly journalized as $1,400. Service Revenue was understated by $3,800. A 12-month insurance policy was posted as a $1,300 credit to Prepaid Insurance. Cash was posted correctly. Print Done Unadjusted Trial Balance Account Title Cash Building Blocks Company Unadjusted Trial Balance August 31, 2025 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Notes Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense Total Print Debit Balance 7,940 5,600 1,700 900 87,600 3,560 3,500 1,000 111,800 $ Done Credit 3,700 48,000 58,000 2,800 112,500 X

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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The unadjusted trial balance of Building Blocks Company does not balance. View the unadjusted trial balance. The following errors are detected: View the errors. Prepare the corrected unadjusted trial balance at August 31, 2025. Journal entries are not required. Account Title Total Building Blocks Company Unadjusted Trial Balance August 31, 2025 Debit Balance Credit Errors a. b. C. d. e. f. g. h. i. Cash is understated by $1,600. A $4,700 debit to Accounts Receivable was posted as a credit. A $900 purchase of supplies on account was neither journalized nor posted. Equipment was incorrectly transferred from the ledger as $87,600. It should have been transferred as $79,000. Salaries Expense is overstated by $500. A $800 cash payment for advertising expense was neither journalized nor posted. A $140 cash dividend was incorrectly journalized as $1,400. Service Revenue was understated by $3,800. A 12-month insurance policy was posted as a $1,300 credit to Prepaid Insurance. Cash was posted correctly. Print Done Unadjusted Trial Balance Account Title Cash Building Blocks Company Unadjusted Trial Balance August 31, 2025 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Notes Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense Total Print Debit Balance 7,940 5,600 1,700 900 87,600 3,560 3,500 1,000 111,800 $ Done Credit 3,700 48,000 58,000 2,800 112,500 X
Transcribed Image Text:The unadjusted trial balance of Building Blocks Company does not balance. View the unadjusted trial balance. The following errors are detected: View the errors. Prepare the corrected unadjusted trial balance at August 31, 2025. Journal entries are not required. Account Title Total Building Blocks Company Unadjusted Trial Balance August 31, 2025 Debit Balance Credit Errors a. b. C. d. e. f. g. h. i. Cash is understated by $1,600. A $4,700 debit to Accounts Receivable was posted as a credit. A $900 purchase of supplies on account was neither journalized nor posted. Equipment was incorrectly transferred from the ledger as $87,600. It should have been transferred as $79,000. Salaries Expense is overstated by $500. A $800 cash payment for advertising expense was neither journalized nor posted. A $140 cash dividend was incorrectly journalized as $1,400. Service Revenue was understated by $3,800. A 12-month insurance policy was posted as a $1,300 credit to Prepaid Insurance. Cash was posted correctly. Print Done Unadjusted Trial Balance Account Title Cash Building Blocks Company Unadjusted Trial Balance August 31, 2025 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Notes Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense Total Print Debit Balance 7,940 5,600 1,700 900 87,600 3,560 3,500 1,000 111,800 $ Done Credit 3,700 48,000 58,000 2,800 112,500 X
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