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(Corrected Trial Balance) The trial balance of Antoine Watteau Co. shown below does not balance.Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors.
1. Cash received from a customer on account was debited for $570, and Accounts Receivable was credited for the same amount. The actual collection was for $750. 2. The purchase of a computer printer on account for $500 was recorded as a debit to Supplies for $500 and a credit to Accounts Payable for $500.3. Services were performed on account for a client for $890. Accounts Receivable was debited for $890 and Service Revenue was credited for $89.4. A payment of $65 for telephone charges was recorded as a debit to Office Expense for $65 and a debit to Cash for $65.5. When the Unearned Service Revenue account was reviewed, it was found that $325 of the balance was earned prior to June 30.6. A debit posting to Wages Expense of $670 was omitted.7. A payment on account for $206 was credited to Cash for $206 and credited to Accounts Payable for $260.8. A dividend of $575 was debited to Wages Expense for $575 and credited to Cash for$575.
the following data are available for a companys manufacturing activities nbspnbspbeginning goods in process
fiberform industries produces a line of motorboats. the assembly department programs computerized equiptment to shape
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a special order for 1000 units has been received from a foreign company. the unit price requested is 55. the normal
This chart, showing the share of adults with jobs, offers the best summary you'll find." The "share of adults with jobs" is known more formally as the employment-population ratio. Why might the employment-population ratio provide the "best summary..
Show how the amounts related to Accoutns Receivable and Bad Debt Expense would be reported on the balance sheet and income statement for 2009.
what are your tow most strongly held values?1. where did you get these values from?2.why are they important to you ?
now that you have a greater understanding of the audit process choose any one of these procedures in the chapter and
on january 1 of the current reporting year coda companys projected benefit obligation was 30 million. during the year
dorsey co. has expanded its operations by purchasing a parcel of land with a building on it from bibb co. for 96000.
McCabe Manufacturing Co.'s static budget at 8,000 units of production includes $40,000 for direct labor and $4,000 for electric power.
Describe how investors report investments in equity securities when investor has controlling influence over an investee. (US GAAP)
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