Unfortunately, the Bookkeeper Notices That Two Transactions for Patio Publications

question 197

Multiple Choice

Unfortunately, the bookkeeper notices that two transactions for Patio Publications were not reflected in the balances of the trial balance: one to record $800 of accrued wages and salaries to be paid in the next period, and the other was the use of $560 of office supplies from the supplies on hand.If the Trial Balance column totals are $15,380 prior to discovering these mistakes, what are the totals of the Trial Balance columns after the corrections are made?

• A) $15,860
• B) $15,140
• C) $16,740
• D) $16,180

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Definitions:

Capital Structure

The combination of borrowing and ownership funding a business employs to support its activities and expansion.

Financial Managers

Professionals responsible for the financial health of an organization, overseeing investments, planning, and managing financial activities.

Financial Management

The strategic planning, organizing, controlling, and monitoring financial resources with a view to achieve organizational goals and objectives.

Management Compensation

This refers to the total remuneration and benefits provided to an organization's management, including salaries, bonuses, and other benefits.