Question:

WHO CAN BALANCE this trial balance?? help! Accounting specialist~?

by  |  earlier

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this trial balance is out of balance.. correct the amount to balance,

_________________________debit__credit...

cash ___________________43000

account receivable________18400

supplies _________________1084

insurance _______________3000

equipment ______________28786

note payable ____________________________14000

account payable __________________________5650

owner's capital _________________________31500

owner's drawing _________________________2000

talent fee________ _______________________145280

salary expense_____________46500

rent expense________________6000

advertising _______________12100

utilities __________________5920

transportation______________ 8400

TOTAL___________________???????=?????

Following errors noted:

a. cash balance was understated by 2000

b. a debit of 5000 was not posted to note payable

C. a debit for utility expense for 1500 was posted as 1000

d. salary expense of 3000 was posted to transportation expense

e. a debit of 500 for the drawing account of owner was posted to the credit side of Owner's capital

f. interest expense was overlooked in the ledger, 740

g. a debit entry for account recievable was posted to the credit side ,6000

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  1. _________________________debit _______credit

    cash ___________________45000

    account receivable________30400

    supplies _________________1084

    insurance ________________3000

    equipment ______________28786

    note payable _________________ _________9000

    account payable _______________ ________5650

    owner's capital ________________ _______31000

    owner's drawing ___________2500

    talent fee________ _____________ ______145280

    salary expense___________49500

    interest expense____________740

    rent expense______________6000

    advertising _______________12100

    utilities __________________6420

    transportation______________ 5400

    TOTAL__________________190930 _____190930

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