Exercise 3-4 (Corrected Trial Balance) The trial balance of Watteau Co. Does not balance. Trial Balance June 30, 2008 Debit Credit Cash $2,870 Accounts Receivable $3,231 Supplies $800 Equipment $3,800 Accounts Payable $2,666 Unearned Service Revenue $1,200 Common Stock $6,000 Retained Earnings $3,000 Service Revenue $2,380 Wages. Trial balance errors are errors in accounting process that cannot be detected by the trial balance sheet. The errors mentioned below do not hamper the agreement of a trial balance. Despite the following errors in accounts, the totals of debit money column and credit money column agree.
The trial balance of Watteau Co. Does not balance. TRIAL BALANCE JUNE 30, 2014 Debit Credit Cash $3,365 Accounts Receivable $3,726 Supplies 1,295 Equipment 4,295 Accounts Payable 3,161 Unearned Service Revenue 1,695 Common Stock 6,495 Retained Earnings 3,495 Service Revenue 2,875 Salaries and Wages Expense 3,895 Office Expense 1,435 Totals $16,341 $19,391 Each of the listed accounts should have a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors. 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.
The purchase of a computer printer on account for $995 was recorded as a debit to Supplies for $995 and a credit to Accounts Payable for $995. Services were performed on account for a client for $890. Accounts Receivable was debited for $890 and Service Revenue was credited for $89. A payment of $560 for telephone charges was recorded as a debit to Office Expense for $560 and a debit to Cash for $560. When the Unearned Service Revenue account was reviewed, it was found that service revenue amounting to $820 was performed prior to June 30 (related to Unearned Service Revenue).
A debit posting to Salaries and Wages Expense of $1,165 was omitted. A payment on account for $206 was credited to Cash for $206 and credited to Accounts Payable for $260. A dividend of $1,070 was debited to Salaries and Wages Expense for $1,070 and credited to Cash for $1,070. Prepare a correct trial balance.
What is a Trial Balance? A trial balance is a report that lists the balances of all accounts of a company at a certain point in time. The accounts reflected on a trial balance are related to all major Accounting A trial balance is a report that lists the balances of all general ledger accounts of a company. The accounts reflected on a trial balance are related to items, including Types of Assets Common types of assets include: current, non-current, physical, intangible, operating and non-operating. Correctly identifying and classifying the types of assets is critical to the survival of a company, specifically its solvency and risk. An asset is a resource controlled by a company which future economic benefit, liabilities, equity, revenues, Fixed and Variable Costs Fixed and variable costs are important in management accounting and financial analysis.
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Fixed costs do not change with increases/decreases in units of production volume, while variable costs are solely dependent on the volume of units of production. This guide teaches an analyst the fixed vs variable cost methods, gains, and losses. It is primarily used to identify the balance of debits and credits entries from the transactions recorded in the general ledger at a certain point in time.
Below is an Example of a Company’s Trial Balance: In addition to error detection, the trial balance is prepared to make the adjusting entries to the general ledger. It is prepared again after the adjusting entries are posted to ensure that the total debits are credits are still balanced. It is not an official Three Financial Statements The three financial statements are the income statement, the balance sheet, and the statement of cash flows. Hector gaming company case. These three core statements are intricately linked to each other and this guide will explain how they all fit together.
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Exercise 3-4 (Corrected Trial Balance) The trial balance of Watteau Co. Does not balance. Trial Balance June 30, 2008 Debit Credit Cash $2,870 Accounts Receivable $3,231 Supplies $800 Equipment $3,800 Accounts Payable $2,666 Unearned Service Revenue $1,200 Common Stock $6,000 Retained Earnings $3,000 Service Revenue $2,380 Wages. Trial balance errors are errors in accounting process that cannot be detected by the trial balance sheet. The errors mentioned below do not hamper the agreement of a trial balance. Despite the following errors in accounts, the totals of debit money column and credit money column agree.
The trial balance of Watteau Co. Does not balance. TRIAL BALANCE JUNE 30, 2014 Debit Credit Cash $3,365 Accounts Receivable $3,726 Supplies 1,295 Equipment 4,295 Accounts Payable 3,161 Unearned Service Revenue 1,695 Common Stock 6,495 Retained Earnings 3,495 Service Revenue 2,875 Salaries and Wages Expense 3,895 Office Expense 1,435 Totals $16,341 $19,391 Each of the listed accounts should have a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors. 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.
The purchase of a computer printer on account for $995 was recorded as a debit to Supplies for $995 and a credit to Accounts Payable for $995. Services were performed on account for a client for $890. Accounts Receivable was debited for $890 and Service Revenue was credited for $89. A payment of $560 for telephone charges was recorded as a debit to Office Expense for $560 and a debit to Cash for $560. When the Unearned Service Revenue account was reviewed, it was found that service revenue amounting to $820 was performed prior to June 30 (related to Unearned Service Revenue).
A debit posting to Salaries and Wages Expense of $1,165 was omitted. A payment on account for $206 was credited to Cash for $206 and credited to Accounts Payable for $260. A dividend of $1,070 was debited to Salaries and Wages Expense for $1,070 and credited to Cash for $1,070. Prepare a correct trial balance.
What is a Trial Balance? A trial balance is a report that lists the balances of all accounts of a company at a certain point in time. The accounts reflected on a trial balance are related to all major Accounting A trial balance is a report that lists the balances of all general ledger accounts of a company. The accounts reflected on a trial balance are related to items, including Types of Assets Common types of assets include: current, non-current, physical, intangible, operating and non-operating. Correctly identifying and classifying the types of assets is critical to the survival of a company, specifically its solvency and risk. An asset is a resource controlled by a company which future economic benefit, liabilities, equity, revenues, Fixed and Variable Costs Fixed and variable costs are important in management accounting and financial analysis.
Jvc av 56wp30 manual lawn. Introduction On look at JVC\'s I\'Art PRO 56\' D.I.S.T 1080i Digital HDTV Monitor is all it will take to launch you into the Digital Realm. • 56\' 16x9 Rear Projection HDTV Monitor • D.I.S.T. The I\'Art PRO package takes into consideration every feature the demanding digital customer is looking for now and for the future, and it delivers. With Features like Digital Image Scaling Technology where all sources are up converted to 1080i, DVI/HDCP Digital Interface, Natural Cinema (3-2 Pull Down, Dual Auto-Sensing Component Video Inputs and Digital Super Detail, all housed in a sleek contemporary cabinet, how could you resist?
Fixed costs do not change with increases/decreases in units of production volume, while variable costs are solely dependent on the volume of units of production. This guide teaches an analyst the fixed vs variable cost methods, gains, and losses. It is primarily used to identify the balance of debits and credits entries from the transactions recorded in the general ledger at a certain point in time.
Below is an Example of a Company’s Trial Balance: In addition to error detection, the trial balance is prepared to make the adjusting entries to the general ledger. It is prepared again after the adjusting entries are posted to ensure that the total debits are credits are still balanced. It is not an official Three Financial Statements The three financial statements are the income statement, the balance sheet, and the statement of cash flows. Hector gaming company case. These three core statements are intricately linked to each other and this guide will explain how they all fit together.
...'>The Trial Balance Of Watteau Co. Does Not Balance(12.12.2018)Exercise 3-4 (Corrected Trial Balance) The trial balance of Watteau Co. Does not balance. Trial Balance June 30, 2008 Debit Credit Cash $2,870 Accounts Receivable $3,231 Supplies $800 Equipment $3,800 Accounts Payable $2,666 Unearned Service Revenue $1,200 Common Stock $6,000 Retained Earnings $3,000 Service Revenue $2,380 Wages. Trial balance errors are errors in accounting process that cannot be detected by the trial balance sheet. The errors mentioned below do not hamper the agreement of a trial balance. Despite the following errors in accounts, the totals of debit money column and credit money column agree.
The trial balance of Watteau Co. Does not balance. TRIAL BALANCE JUNE 30, 2014 Debit Credit Cash $3,365 Accounts Receivable $3,726 Supplies 1,295 Equipment 4,295 Accounts Payable 3,161 Unearned Service Revenue 1,695 Common Stock 6,495 Retained Earnings 3,495 Service Revenue 2,875 Salaries and Wages Expense 3,895 Office Expense 1,435 Totals $16,341 $19,391 Each of the listed accounts should have a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors. 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.
The purchase of a computer printer on account for $995 was recorded as a debit to Supplies for $995 and a credit to Accounts Payable for $995. Services were performed on account for a client for $890. Accounts Receivable was debited for $890 and Service Revenue was credited for $89. A payment of $560 for telephone charges was recorded as a debit to Office Expense for $560 and a debit to Cash for $560. When the Unearned Service Revenue account was reviewed, it was found that service revenue amounting to $820 was performed prior to June 30 (related to Unearned Service Revenue).
A debit posting to Salaries and Wages Expense of $1,165 was omitted. A payment on account for $206 was credited to Cash for $206 and credited to Accounts Payable for $260. A dividend of $1,070 was debited to Salaries and Wages Expense for $1,070 and credited to Cash for $1,070. Prepare a correct trial balance.
What is a Trial Balance? A trial balance is a report that lists the balances of all accounts of a company at a certain point in time. The accounts reflected on a trial balance are related to all major Accounting A trial balance is a report that lists the balances of all general ledger accounts of a company. The accounts reflected on a trial balance are related to items, including Types of Assets Common types of assets include: current, non-current, physical, intangible, operating and non-operating. Correctly identifying and classifying the types of assets is critical to the survival of a company, specifically its solvency and risk. An asset is a resource controlled by a company which future economic benefit, liabilities, equity, revenues, Fixed and Variable Costs Fixed and variable costs are important in management accounting and financial analysis.
Jvc av 56wp30 manual lawn. Introduction On look at JVC\'s I\'Art PRO 56\' D.I.S.T 1080i Digital HDTV Monitor is all it will take to launch you into the Digital Realm. • 56\' 16x9 Rear Projection HDTV Monitor • D.I.S.T. The I\'Art PRO package takes into consideration every feature the demanding digital customer is looking for now and for the future, and it delivers. With Features like Digital Image Scaling Technology where all sources are up converted to 1080i, DVI/HDCP Digital Interface, Natural Cinema (3-2 Pull Down, Dual Auto-Sensing Component Video Inputs and Digital Super Detail, all housed in a sleek contemporary cabinet, how could you resist?
Fixed costs do not change with increases/decreases in units of production volume, while variable costs are solely dependent on the volume of units of production. This guide teaches an analyst the fixed vs variable cost methods, gains, and losses. It is primarily used to identify the balance of debits and credits entries from the transactions recorded in the general ledger at a certain point in time.
Below is an Example of a Company’s Trial Balance: In addition to error detection, the trial balance is prepared to make the adjusting entries to the general ledger. It is prepared again after the adjusting entries are posted to ensure that the total debits are credits are still balanced. It is not an official Three Financial Statements The three financial statements are the income statement, the balance sheet, and the statement of cash flows. Hector gaming company case. These three core statements are intricately linked to each other and this guide will explain how they all fit together.
...'>The Trial Balance Of Watteau Co. Does Not Balance(12.12.2018)