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Erroneous Trial Balance
At the end of the year, Alpha Corporation's adjusted trial balance had total debits of $59,130 and total credits of $59,570. After a review, mistakes were discovered. Show how each item should be treated on the trial balance in order to find the correct ending balances. Enter the amount(s) with + or -. Each line should have at least one dollar amount entered in one of the cells.
Errors/Omissions
1. Alpha overstated the amount recorded for a credit sale by $900.
2. A cash sale for $500 was erroneously recorded as unearned revenue. No AJE was recorded to correct this error.
3. The Alpha bookkeeper erroneously posted $800 twice to the accounts payable account in the general ledger.
4. Alpha's AJE for supplies contained a debit for the incorrect amount of $840 to supplies expense instead of the correct amount of $480. The credit side was correct.
5. Alpha's AJE for accrued salaries was incorrectly recorded for $70 instead of the correct amount of $700 (both the debit and credit).
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