Question

Printem is not wound my laptor Errors in Trial Balance Identify the errors in the following trial balance. All accounts have normal balances. Mascot Co. Unadjusted Trial Balance For the Month Ending July 31, 2019 Debit Balances Credit Balances Cash 36,000 Accounts Receivable 112,600 Prepaid Insurance 18,000 Equipment 375,000 Accounts Payable 53,300 Salaries Payable 7,500 Samuel Parson, Capital 297,200 Samuel Parson, Drawing 17,000 Fees Earned 682,000 Salary Expense 396,800 Advertising Expense 73,000 Miscellaneous Expense 11,600 1,189,300 1,189,300 Previous Next > Check My Work 3 more Check My Work uses remaining, Email Instructor Save and Exit Submit Assignment for Grading div

Answer 1

Ercross O Accounts Recenasles Asset and Balance of asset Accounts Receivable is Account is clebit Accounts payable Accounts payable is Liability and Balance of Leasiling А Acrount is ereelit 3 Samuel parsson, Drawings Drawings Decreases capital. The Balance of capital acount is creelit so inorder to reduce capital cost have to besit drawings. Advertisement expense Advertisement expense е expense account and Balance of expense account is debit

mascot Co. Unadjusted Trail Balance For the month Endling Jaly 31, 2019 credit Debit Balances Balantes Balanies cash 36000 Accounts receivables 112600 Prepaid insurance 18000 Equipment 375000 Accounts payable 53300 Salones pagaste salaries payable 7500 297200 Samuel parson, capital Samuel parson, Drawing 17000 fee earned 682000 Salary expense 396800 73000 Advertising Expense Miscellaneous Expense 11600 1040000 1040000