Problem

(L. OBJ. 5) Correcting a trial balance [10 min] Review Kelly Long Travel Design’s trial...

(L. OBJ. 5) Correcting a trial balance [10 min]

Review Kelly Long Travel Design’s trial balance. Assume that Long accidentally listed withdrawals as $100 instead of the correct amount of $1,000.

Requirement

1. Compute the incorrect trial balance totals for debits and credits. Then show how to correct this error; which is called a slide.

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