What steps could the management of bci take to help ensure

Reference no: EM13599908

Following are the general ledger account balances of Balcones Company, Inc. (BCI), as of September 30, 2009:

Cash $50,000
Accounts Receivable 300,000
Inventory 250,000
Equipment 450,000
Accumulated Depreciation-Equipment 110,000
Accounts Payable 350,000
Income Taxes Payable 50,000
Common Stock 95,000
Retained Earning 100,000
Sales Revenue 600,000
Operating Expenses 255,000

a.) Prepare a trial balance for BCI as of September 30, 2009.

b.) Even if a trial balance is in balance, one or more general ledger accounts of a business may contain errors. Provide three examples of accounting errors that would not cause a business's trial balance to be out-of-balance.

c.) What steps could the management of BCI take to help ensure that its accounts are error free? Write a brief memo to the company's management listing your recommendations.

Reference no: EM13599908

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