![subject](/tpl/images/cats/ekonomika.png)
Your review of the ledger reveals that each account has a normal balance. you also discover the following errors.
the totals of the debit sides of prepaid insurance, accounts payable, and property tax expense were each understated $100.
transposition errors were made in accounts receivable and service revenue. based on postings made, the correct balances were $2,570 and $6,960, respectively.
a debit posting to salaries expense of $200 was omitted.
a $1,000 cash drawing by the owner was debited to m. sterling, capital for $1,000 and credited to cash for $1,000.
a $520 purchase of supplies on account was debited to equipment for $520 and credited to cash for $520.
a cash payment of $450 for advertising was debited to advertising expense for $45 and credited to cash for $45.
a collection from a customer for $210 was debited to cash for $210 and credited to accounts payable for $210.
instructions
prepare a correct trial balance. note that the chart of accounts includes the following: m. sterling, drawing, and supplies. (hint: it to prepare the correct journal entry for the transaction described and compare it to the mistake made.) (if answer is zero, enter 0. do not leave any fields blank.)
![ansver](/tpl/images/cats/User.png)
Answers: 2
![](/tpl/images/ask_question.png)
![](/tpl/images/ask_question_mob.png)
Another question on Business
![question](/tpl/images/cats/ekonomika.png)
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 05:50
Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes
Answers: 2
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 11:20
Which stage of group development involves members introducing themselves to each other?
Answers: 3
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 14:50
Ann chovies, owner of the perfect pasta pizza parlor, uses 20 pounds of pepperoni each day in preparing pizzas. order costs for pepperoni are $10.00 per order, and carrying costs are 4 cents per pound per day. lead time for each order is three days, and the pepperoni itself costs $3.00 per pound. if she were to order 80 pounds of pepperoni at a time, what would be the average inventory level?
Answers: 3
You know the right answer?
Your review of the ledger reveals that each account has a normal balance. you also discover the foll...
Questions
![question](/tpl/images/cats/en.png)
English, 21.07.2019 09:30
![question](/tpl/images/cats/en.png)
English, 21.07.2019 09:30
![question](/tpl/images/cats/biologiya.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 21.07.2019 09:30
![question](/tpl/images/cats/es.png)
Spanish, 21.07.2019 09:30
![question](/tpl/images/cats/istoriya.png)
![question](/tpl/images/cats/fizika.png)
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/obshestvoznanie.png)
Social Studies, 21.07.2019 09:30
![question](/tpl/images/cats/informatica.png)
Computers and Technology, 21.07.2019 09:30
![question](/tpl/images/cats/obshestvoznanie.png)
![question](/tpl/images/cats/himiya.png)
Chemistry, 21.07.2019 09:30
![question](/tpl/images/cats/istoriya.png)
History, 21.07.2019 09:30
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/istoriya.png)
History, 21.07.2019 09:30
![question](/tpl/images/cats/mat.png)
Mathematics, 21.07.2019 09:40
![question](/tpl/images/cats/mkx.png)
![question](/tpl/images/cats/himiya.png)