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.
?
$$\begin{array} { l r r } & \begin{array} { c } \text { Davenport's European Tours } \\\text { Trial Balance } \\\text { October 31, 20-- }\end{array} & \\\text { Account Title } & \text { Dedit } &\text { Credit }\\& 15,560 & \\\text { Cash } & 15,560 \\\text { Accounts Receivable } & 406 \\\text { Supplies } & 246 \\\text { Prepaid Insurance } & 589 \\\text { Equipment } & 24,450\\\text { Accounts Payable } && 6,012 \\\text { Davenport, Capital } && 30,500 \\\text { Davenport, Drawing } && 1,800 \\\text { Repair Fees } && 9,274\\ \text { Wages Expense } & 4,250 \\\text { Rent Expense } & 1,300 \\\text { Advertising Expense } & 290 \\\text { Utilities Expense } & \underline{495}&\underline{\quad\quad} \\&\underline{47,586}&\underline{47,586}\end{array}$$
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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Definitions:

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