(L. OBJ. 2, 5) Correcting errors in a trial balance [15—25 min]
The trial balance of Kind Care Child Care does not balance.
The following errors are detected:
a. Cash is understated by $2,000.
b. A $1,000 debit to Accounts receivable was posted as a credit.
c. A $1,400 purchase of supplies on account was neither journalized nor posted.
d. Equipment’s cost is $84,300 nor $89,000
e. Salary expense is overstated by $500.
Requirement
1. Prepare the corrected trial balance at April 30, 2012. Journal entries are not required.
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