Question

The trial balance of Addison, Inc., at September 30, 2018, does not balar (Click the icon to view the trial balance.) Addison
i Data Table Cash ... $ Accounts receivable 14,100 12,700 .... 16,900 800 Inventory Supplies .. Land.. Accounts payable Commo
i More Info a. Recorded a $700 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct. b. Pos
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Answer #1
Corrected Trial balance
Debit $ Credit $
Cash (14100+700) 14,800
Accounts recievable (12700-700) 12,000
Inventory 16,900
Supplies 800
Land 59,000
Accounts payable (12300+900+400) 13600
Common Stock (47100+200) 47300
Sales revenue 49700
Salary expense 2000
Rent expense 1000
Utilities expense (300+400) 700
Insurance expense 3,400
TOTAL 1,10,600 1,10,600
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