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| Pharaoh | Error | Corrections | Corrected | ||||
| Trial Balance | Debit | Credit | Debit | Credit | Debit | Credit | Event No. |
| Cash | 23,470.00 | 23,470.00 | |||||
| Accounts Receivable | 34,010.00 | 2,490.00 | 36,500.00 | Event 1 | |||
| Supplies | 1,610.00 | 1,610.00 | |||||
| Notes Payable | 20,770.00 | 5,270.00 | 15,500.00 | Event 4 | |||
| Accounts Payable | 20,463.00 | 963.00 | 19,500.00 | Event 3 | |||
| Unearned revenue | 4,900.00 | 4,900.00 | |||||
| D. Lozier capital | 29,100.00 | 29,100.00 | |||||
| D. Lozier Drawings | 15,270.00 | 1,430.00 | 16,700.00 | Event 2 | |||
| Service Revenue | 65,410.00 | 2,490.00 | 67,900.00 | Event 1 | |||
| Insurance Expense | 500.00 | 500.00 | |||||
| Interest Expense | 6,710.00 | 5,270.00 | 1,440.00 | Event 4 | |||
| Rent Expense | 15,600.00 | 1,170.00 | 14,430.00 | Event 5 | |||
| Salaries Expense | 39,230.00 | 1,430.00 | 37,800.00 | Event 2 | |||
| Supplies Expense | 1,840.00 | 1,840.00 | |||||
| Utilities Expense | 2,610.00 | 2,610.00 | |||||
| Total | 140,850.00 | 140,643.00 | 10,153.00 | 10,360.00 | 136,900.00 | 136,900.00 |
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A newly graduated accountant prepared the following trial balance for Pharoah Company at March 31. Credit...
Alpaca Company presented the following unadjusted trial balance. As you can see, the trial balance is...
Alpaca Company presented the following unadjusted trial balance. As you can see, the trial balance is not balanced since the former accountant made several errors. CREDIT $ 48,000 ALPACA CORPORATION TRIAL BALANCE JAN 31, 2020 DEBIT Cash $ 10,000 Accounts Receivable 80,000 Equipment 120,000 Accounts Payable Wages Payable Capital, Moose Service Revenues Wages Expense 16,200 Rent Expense 14,000 Insurance Expense Utilities Expense 3,000 TOTAL $ 255,200 123,200 86,000 12.000 $ 257,200 After reviewing the financial records, you found the following...
Question 7 Prepare a corrected trial balance for Pharoah Company. All accounts should have a normal...
Question 7 Prepare a corrected trial balance for Pharoah Company. All accounts should have a normal balance. Pharoah Company Trial Balance For the Quarter Ended March 31, 2022 Debit Credit Cash $29,400 Accounts Receivable $34,600 Prepaid Insurance 3,500 Equipment 58,000 Accounts Payable 15,800 Unearned Service Revenue 11,000 Notes Payable 18,000 Common Stock 28,000 Retained Earnings 21,300 Dividends 1,700 Service Revenue 63,000 Salaries and Wages Expense 13,900 Utilities Expense 4,600 Rent Expense 11,400 $153,100 $161,100 Pharoah Company Trial Balance Pharoah Company...
This al balance of Pharoah Company does not balance PHAROAH COMPANY Trial Balance June 10. 2012...
This al balance of Pharoah Company does not balance PHAROAH COMPANY Trial Balance June 10. 2012 Debit Credit Cash $ 4.790 Accounts Receivable $ 4.890 2,150 4.700 Supplies Equipment Accounts Payable Uncamed 5,206 2,550 Revenue Commor 10,700 800 Dividends Service Reverive 5,190 Salaries and Wages Expense 3,540 990 Expense $19,570 $25,876 Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors: 1. Cash received from a...
The trial balance for Pharoah Company is shown below. Pharoah Company Trial Balance October 31, 2019...
The trial balance for Pharoah Company is shown below. Pharoah Company Trial Balance October 31, 2019 Credit Debit $14,000 2,900 500 4,000 Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense $4,200 2,000 1,400 8,100 -0- 700 11,500 4,200 900 $27,200 $27,200 Assume the following adjustment data. 1. 2. 3. 4. 5. 6. 7. Supplies on hand at October 31 total $700. Expired insurance...
Alpaca Company presented the following unadjusted trial balance. As you can see, the trial balance is...
Alpaca Company presented the following unadjusted trial balance. As you can see, the trial balance is not balanced since the former accountant made several errors. ALPACA CORPORATION TRIAL BALANCE JAN 31, 2020 DEBIT CREDIT Cash $ 10,000 Accounts Receivable 80,000 Equipment 120,000 Accounts Payable $ 48,000 Wages Payable 0 Capital, Moose 123,200 Service Revenues 86,000 Wages Expense 16,200 Rent Expense 14,000 Insurance Expense 12,000 Utilities Expense 3,000 TOTAL $ 255,200 $ 257,200 After reviewing the financial records, you found the...
At the end of its fiscal year, the adjusted trial balance of Pharoah Company is as...
At the end of its fiscal year, the adjusted trial balance of Pharoah Company is as follows: PHAROAH COMPANY Adjusted Trial Balance July 31, 2021 Debit Credit Cash $5,410 Accounts receivable 11,490 Prepaid rent 8,500 Supplies 750 Equipment 19,950 Accumulated depreciation—equipment $5,700 Patents 18,300 Accounts payable 4,295 Interest payable 750 Unearned revenue 2,050 Notes payable (due on July 1, 2023) 46,000 B. Pharoah, capital 28,285 B. Pharoah drawings 16,500 Service revenue 74,900 Interest revenue 320 Depreciation expense 2,850 Interest expense...
The adjusted trial balance for Pharoah Company, owned by D. Pharoah, are as follows: PHAROAH COMPANY...
The adjusted trial balance for Pharoah Company, owned by D. Pharoah, are as follows: PHAROAH COMPANY Adjusted Trial Balance December 31, 2021 upport Cr. Account No. 101 112 126 157 158 Adjusted Trial Balance Dr. $6,300 10,800 2,200 2,200 27,700 $4,500 14,100 5,500 3,500 670 17,000 Account Titles Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Notes payable Accounts payable Salaries payable Interest payable D. Pharoah, capital D. Pharoah, drawings Service revenue Advertising avnence 200 201 212 230 301...
Principles of Accounting 1 made the following The accountant of Blueberry Inc. errors during March 2020....
Principles of Accounting 1 made the following The
accountant of Blueberry Inc. errors during March 2020. a. The cash
purchase of OMR 2,110 computers was recorded as a OMR 2,200 debit
to Office Equipment and a OMR 2,110 credit to Cash. b. An OMR 800
purchase of supplies on account was properly recorded as a debit to
the Supplies account but was incorrectly recorded as a credit to
the Cash Account. c. The company provided services valued at OMR
7,500...
FULL SCREEN PREMIER VERSION BACK Question 7 Terry Zelinski, the owner of Larkspur Mountain Tours, prepared...
FULL SCREEN PREMIER VERSION BACK Question 7 Terry Zelinski, the owner of Larkspur Mountain Tours, prepared the following trial balance at March 31, 2021 Cash $13,140 Accounts receivable 3,130 Supplies 860 Equipment 7,320 Accounts payable $2,900 T. Zelinski, capital 23,820 T. Zelinski, drawings 3,620 Service revenue 6,550 Advertising expense 3,670 Salaries expense 410 Totals $35080 $30, 340 A review shows that Terry made the following errors in the accounting records 1. A purchase of $200 of supplies on account was...
From the ledger balances below, prepare a trial balance for Pharoah Company at June 30, 2022....
From the ledger balances below, prepare a trial balance for Pharoah Company at June 30, 2022. All account balances are normal. Accounts Payable Cash Common Stock Dividends Equipment $ 2,400 5,770 16,970 1,530 13,190 Service Revenue Accounts Receivable Salaries and Wages Expense Rent Expense $8,790 2,580 3,670 1,420 PHAROAH COMPANY Trial Balance Debit Credit $
Alpaca Company presented the following unadjusted trial balance. As you can see, the trial balance is not balanced since the former accountant made several errors. CREDIT $ 48,000 ALPACA CORPORATION TRIAL BALANCE JAN 31, 2020 DEBIT Cash $ 10,000 Accounts Receivable 80,000 Equipment 120,000 Accounts Payable Wages Payable Capital, Moose Service Revenues Wages Expense 16,200 Rent Expense 14,000 Insurance Expense Utilities Expense 3,000 TOTAL $ 255,200 123,200 86,000 12.000 $ 257,200 After reviewing the financial records, you found the following...
Question 7 Prepare a corrected trial balance for Pharoah Company. All accounts should have a normal balance. Pharoah Company Trial Balance For the Quarter Ended March 31, 2022 Debit Credit Cash $29,400 Accounts Receivable $34,600 Prepaid Insurance 3,500 Equipment 58,000 Accounts Payable 15,800 Unearned Service Revenue 11,000 Notes Payable 18,000 Common Stock 28,000 Retained Earnings 21,300 Dividends 1,700 Service Revenue 63,000 Salaries and Wages Expense 13,900 Utilities Expense 4,600 Rent Expense 11,400 $153,100 $161,100 Pharoah Company Trial Balance Pharoah Company...
This al balance of Pharoah Company does not balance PHAROAH COMPANY Trial Balance June 10. 2012 Debit Credit Cash $ 4.790 Accounts Receivable $ 4.890 2,150 4.700 Supplies Equipment Accounts Payable Uncamed 5,206 2,550 Revenue Commor 10,700 800 Dividends Service Reverive 5,190 Salaries and Wages Expense 3,540 990 Expense $19,570 $25,876 Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors: 1. Cash received from a...
The trial balance for Pharoah Company is shown below. Pharoah Company Trial Balance October 31, 2019 Credit Debit $14,000 2,900 500 4,000 Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense $4,200 2,000 1,400 8,100 -0- 700 11,500 4,200 900 $27,200 $27,200 Assume the following adjustment data. 1. 2. 3. 4. 5. 6. 7. Supplies on hand at October 31 total $700. Expired insurance...
The adjusted trial balance for Pharoah Company, owned by D. Pharoah, are as follows: PHAROAH COMPANY Adjusted Trial Balance December 31, 2021 upport Cr. Account No. 101 112 126 157 158 Adjusted Trial Balance Dr. $6,300 10,800 2,200 2,200 27,700 $4,500 14,100 5,500 3,500 670 17,000 Account Titles Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Notes payable Accounts payable Salaries payable Interest payable D. Pharoah, capital D. Pharoah, drawings Service revenue Advertising avnence 200 201 212 230 301...
Principles of Accounting 1 made the following The
accountant of Blueberry Inc. errors during March 2020. a. The cash
purchase of OMR 2,110 computers was recorded as a OMR 2,200 debit
to Office Equipment and a OMR 2,110 credit to Cash. b. An OMR 800
purchase of supplies on account was properly recorded as a debit to
the Supplies account but was incorrectly recorded as a credit to
the Cash Account. c. The company provided services valued at OMR
7,500...
FULL SCREEN PREMIER VERSION BACK Question 7 Terry Zelinski, the owner of Larkspur Mountain Tours, prepared the following trial balance at March 31, 2021 Cash $13,140 Accounts receivable 3,130 Supplies 860 Equipment 7,320 Accounts payable $2,900 T. Zelinski, capital 23,820 T. Zelinski, drawings 3,620 Service revenue 6,550 Advertising expense 3,670 Salaries expense 410 Totals $35080 $30, 340 A review shows that Terry made the following errors in the accounting records 1. A purchase of $200 of supplies on account was...
From the ledger balances below, prepare a trial balance for Pharoah Company at June 30, 2022. All account balances are normal. Accounts Payable Cash Common Stock Dividends Equipment $ 2,400 5,770 16,970 1,530 13,190 Service Revenue Accounts Receivable Salaries and Wages Expense Rent Expense $8,790 2,580 3,670 1,420 PHAROAH COMPANY Trial Balance Debit Credit $
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