The Following Trial Balance Has Been Improperly Completed

question 5

Essay

The following trial balance has been improperly completed. All the accounts have normal balances. Prepare a corrected trial balance in good form.
Danielson Online Company
Trial Balance
March 31, 2020
$\begin{array} { l r r } \text { Salaries Expense } & & 200 \\ \text { Rent Expense } & & 250 \\ \text { Accounts Receivable } & 40 & \\ \text { Equipment } & 2,250 & \\ \text { Danielson, Capital } & 1,800 & \\ \text { Danielson, Withdrawals } & & 900 \\ \text { Service Fees } & 2,050 & \\ \text { Accounts Payable } & & 2,000 \\ \text { Cash } & \underline { } & \underline { \underline 2, 210 } \\ \text { Totals } & \underline { \underline { 6,140 } } &\underline { \underline { 5,560 } } \end{array}$

Identify the factors causing variations in material usage and product costs.

Understand how to calculate over- or under-applied overhead and its implications.

Distinguish between different types of product costs and their classifications.

Recognize the role of job order costing in service organizations and manufacturing.

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Definitions:

Intrinsic Motivation

The drive to perform an activity for its own sake and personal rewards, rather than for some external reward or pressure.

Automobile Showroom

A retail space where new or used cars are displayed for sale to potential buyers.

Fixed Ratio Schedules

A type of reinforcement schedule where a response is reinforced only after a specified number of responses.

Productivity

The efficiency with which goods and services are produced, often measured in terms of output per unit of input.