For part 4 it asks for us to create an adjusted trial balance however, my numbers (Credit/Debit) do not match and I am not sure where I am going wrong... Any help would be appreciated!
The debit side of your adjusted trial balance is absolutely correct. I find the mistake to be on your credit side.
On scrutiny of each transactions and amounts, the error is found to be in the total amount of Service Revenue ( Clinic )
I shall demonstrate the same through an account:-
Service Revenue (Clinic) Account
Date | Particulars | Debit | Date | Particulars | Credit |
Jul 15 |
By Mountain Biking |
3,000 | |||
Jul 22 | By Mountain Biking | 3,500 | |||
Jul 30 | By Kayak Advance | 6,600 | |||
Aug 10 | By Kayak Clinic Revenue | 3,200 | |||
Aug 17 | By Second Kayak Clinic | 10,800 | |||
Sep 21 | By Rock Climbing Clinic | 13,200 | |||
Oct 17 | By Orienteering Clinic | 18,900 | |||
To Balance c/d | 59,200 | ||||
59,200 | 59,200 |
The total in your Service Revenue from Clinic comes to 55,700 only. You have probably missed out on the amount of $ 3,500 received from the second mountain biking clinic held on Jul 22.
Upon adding the same the total comes to $ 59,200
The difference between debit and credit side in the adjusted trial balance prepared by you is $ 3,500 which is now tallied.
Both the sides will total to $ 174,675 after the Service Revenue account is corrected to $ 59,200.
For part 4 it asks for us to create an adjusted trial balance however, my numbers...
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Hello! I need help in the Adjusted Trial Balance portion of this assignment. The credit & debit aren't matching and I am unsure why. [The following information applies to the questions displayed below.] Tony and Suzie graduate from college in May 2021 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they’ll hold their first adventure races. These races will involve four-person teams...
General Journal, Trial Balance, Statement of SE, Balance Sheet. Prefer online answer rather than on paper just so I can read the writing. Thank you!!! Tony and Suzie graduate from college in May 2021 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they'll hold their first adventure races. These races will involve four-person teams that race from one checkpoint to the next...
Tony and Suzie graduate from college in May 2021 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they’ll hold their first adventure races. These races will involve four-person teams that race from one checkpoint to the next using a combination of kayaking, mountain biking, orienteering, and trail running. In the long run, they plan to sell outdoor gear and develop a ropes...
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I have created the journal entries, t-accounts, trial balance, the adjusted entries, adjusted trial balance, income statement, statement of stockholders' equity, and balance sheet. I need help creating a cash flow statement. Tony and Suzie graduate from college in May 2021 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they’ll hold their first adventure races. These races will involve four-person teams that...
Tony and Suzie graduate from college in May 2021 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they’ll hold their first adventure races. These races will involve four-person teams that race from one checkpoint to the next using a combination of kayaking, mountain biking, orienteering, and trail running. In the long run, they plan to sell outdoor gear and develop a ropes...
Tony and Suzie graduate from college in May 2021 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they'll hold their first adventure races. These races will involve four-person teams that race from one checkpoint to the next using a combination of kayaking, mountain biking, orienteering, and trail running. In the long run, they plan to sell outdoor gear and develop a ropes...
Tony and Suzie graduate from college in May 2021 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they hold their first adventure races. These races will involve four-person teams that race from one checkpoint to the next using a combination of kayaking, mountain biking, orienteering, and trail running. In the long run, they plan to sell outdoor gear and develop a ropes...
Tony and Suzie graduate from college in May 2021 and begin developing their new business. They begin by offering dinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they'll hold their first adventure races. These races will involve four person teams that race from one checkpoint to the next using a combination of kayaking, mountain biking, orienteering, and trail running. In the long run, they plan to sell outdoor gear and develop a...