The trail balance of Wanda Landowska Company review of your ledger reveals the following: (a) Each account had a normal balance.(b) The debit footings in prepaid insurance, Account payable, and property tax expense were each understated $100 (c) A transposition error was made in Account Receivable and Service Revenue. The correct balances for accounts receivable and service revenue are $2,750 and $6,690 respectively.(d) A debit posting to advertising expense of $300 was omitted (e) A $1,500 cash drawing by the owner was debited to Wanda lad capital and credited to cash.Instruction Prepare a correct trailbalance
View Solution:
The trail balance of Wanda Landowska Company review of your



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *