Question

Data Table Beautiful Tots Child Care Trial Balance August 31, 2017 Balance Debit Credit Account Title Cash 9,000 7,300 Accounts Receivable Office Supplies 1,400 Prepaid Insurance 1,000 87,500 Equipment Accounts Payable 3,100 Notes Payable 49,000 55,000 Thompson, Capital Thompson, Withdrawals 3,400 Service Revenue 8,500 Salaries Expense 5,200 1,100 Rent Expense $ 115,900 $ 115,600 Total Print Done More Info Cash is understated by $1,400. A $3,800 debit to Accounts Receivable was posted as a credit. a. b. A $800 purchase of office supplies on account was neither journalized nor posted. Equipment was incorrectly transferred from the ledger as $87,500. It should have been transferred as $79,500 c. d. e. Salaries Expense is overstated by $700 f. A $700 cash payment for advertising expense was neither journalized nor posted. g. A $100 owner's withdrawal of cash was incorrectly journalized as $1,000. h. Service Revenue was understated by $4,000. A 12-month insurance policy was posted as a $1,700 credit to Prepaid Insurance. Cash was posted correctly. i. Print Done Trial Balance August 31, 2017 Balance Credit Debit Account Title Total Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check Answer

Answer 1

Beautiful Tots Child Care
Trail Balance
August 31 ,2017
Cash (9,000 + 1,400 -700+900)	$    10,600.00
Accounts Receivable (7,300+7,600)	$    14,900.00
Office Supplies ( 1,400+800)	$      2,200.00
Prepaid insurance (1,000+3,400)	$      4,400.00
Equipment	$    79,500.00
Accounts Payable (3,100 +800)		$      3,900.00
Notes Payable		$    49,000.00
Thompson Capital		$    55,000.00
Thompson withdrawals (3,400 -900)	$      2,500.00
Service Revenue (8,500+4,000)		$    12,500.00
Salaries Expense (5200-700)	$      4,500.00
Rent Expense	$      1,100.00
Advertising Expense	$          700.00
Total	$ 120,400.00	$ 120,400.00