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Prepare a Corrected Trial Balance by Changing Incorrect Amounts and Placing

question 75

Essay

Prepare a corrected trial balance by changing incorrect amounts and placing each amount in the proper column.
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 Davenport’s European Tours  Trial Balance  October 31, 20–  Account Title  Dedit  Credit 15,560 Cash 15,560 Accounts Receivable 406 Supplies 246 Prepaid Insurance 589 Equipment 24,450 Accounts Payable 6,012 Davenport, Capital 30,500 Davenport, Drawing 1,800 Repair Fees 9,274 Wages Expense 4,250 Rent Expense 1,300 Advertising Expense 290 Utilities Expense 49547,58647,586\begin{array} { l r r } & \begin{array} { c } \text { Davenport's European Tours } \\\text { Trial Balance } \\\text { October 31, 20-- }\end{array} & \\\text { Account Title } & \text { Dedit } &\text { Credit }\\& 15,560 & \\\text { Cash } & 15,560 \\\text { Accounts Receivable } & 406 \\\text { Supplies } & 246 \\\text { Prepaid Insurance } & 589 \\\text { Equipment } & 24,450\\\text { Accounts Payable } && 6,012 \\\text { Davenport, Capital } && 30,500 \\\text { Davenport, Drawing } && 1,800 \\\text { Repair Fees } && 9,274\\ \text { Wages Expense } & 4,250 \\\text { Rent Expense } & 1,300 \\\text { Advertising Expense } & 290 \\\text { Utilities Expense } & \underline{495}&\underline{\quad\quad} \\&\underline{47,586}&\underline{47,586}\end{array}
a.
Be sure all accounts have been listed with the appropriate debit or credit balance and check column totals.
b.
The debits to the Cash account are $36,796,and the credits are $29,009.
c.
A $600 payment to a creditor was entered in the journal,but was not posted to the Accounts Payable account.Cash was properly posted.
d.
The Advertising Expense total has a transposition error of $81.
e.
Accounts Receivable contains a slide error.


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