ACC 205 Week 1 Assignment P2-53B Correcting errors in a trial balance
For more course tutorials visit
www.uophelp.com
P2-53B Correcting errors in a trial balance
The trial balance for Treasure Hunt Exploration Company does not balance.
Treasure Hunt Exploration Company
Trial Balance
July 31, 2012
Cash 6,600
Accounts receivable 9,000
Supplies 200
Exploration equipment 22,600
Computers 46,000
Accounts payable 2,900
Note payable 18,900
Common stock 50,100
Dividends 1,000
Service revenue 4,900
Salary expense 1,800
Rent expense 100
Advertising expense 100
Utilities expense 700
Total $88,100 $76,800
The following errors were detected:
a. The cash balance is overstated by $1,000.
b. Rent expense of $300 was erroneously posted as a credit rather than a debit.
c. A $6,000 credit to Service revenue was not posted.
d. A $500 debit to Accounts receivable was posted as $50.
.................................................................................................................
ACC 205 Week 5 Assignment Final Paper
For more course tutorials visit
www.uophelp.com
ACC 205 Week 5 Assignment Final Paper
Submit a paper on one of the major topics listed below using course topics previously referenced as the basis for the paper and incorporating at least two other related articles of the student’s choice:
How have modern accounting systems made a difference in modern organizations?
................................................................................................................
ACC 205 Week 5 Assignment P10-18A ,E9-24, E9-21, P9-28A,...