Prepare the corrected unadjusted trial balance at june

Assignment Help Accounting Basics
Reference no: EM133013890

Question - The following trial balance does not balance:

1. The cash balance is understated by $1,300.

2. The cost of the land was $44,600, not $46,600.

3. A $400 purchase of supplies on account was neither journalized nor posted.

4. A $3,000 credit to Consulting Service Revenue was not posted.

5. Rent Expense of $200 was posted as a credit rather than a debit.

6. The balance of Advertising Expense is $600, but it was listed as $400 on the trial balance.

7. A $300 debit to Accounts Receivable was posted as $30. The credit to Consulting Service Revenue was correct.

8. The balance of Utilities Expense is overstated by $80.

9. A $900 debit to the R. Minter, Withdrawals account was posted as a debit to R. Minter, Capital.

Required - Prepare the corrected unadjusted trial balance at June 30, 2020. Journal entries are not required.

Reference no: EM133013890

Questions Cloud

Explain what you think the future of hr will be : -Explain what you think the future of HR will be. Specifically, justify what changes you believe will impact HR the most.
What are the equivalent units of production for conversion : In May, the company started 445,300 and completed 427,500 units. What are the equivalent units of production for conversion
Discuss the benefits exporting offers to small businesses : Discuss the benefits exporting offers to small businesses. Given these benefits, why don't more small firms sell in international markets?
Give the employee benefits and services : a. Your firm cannot afford to give the employee benefits and services which competing firms are giving. What would you recommend your company to do?
Prepare the corrected unadjusted trial balance at june : The cash balance is understated by $1,300. Prepare the corrected unadjusted trial balance at June 30, 2020. Journal entries are not required
Evolution of private labor and public labor structure : What are some of the differences between the evolution of Private Labor and Public Labor structure?
Career development and career management : In the context of Car manufacturing companies should they focus on career development and career management? She'd light in the changes in the nature and forms
Elements of the operational plan : Create an 8- to 10-slide Microsoft® PowerPoint® presentation with detailed speaker notes answering the following questions:
Calculate the npv of going directly to market now : If the DVD-R is successful, the PV of the payoff (when the product is brought to market) is $22 million. Calculate the NPV of going directly to market now

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd