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A junior bookkeeper, Bob Delisle, prepared the following trial balance on April 30, 2014, for Big ...

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A junior bookkeeper, Bob Delisle, prepared the following trial balance on April 30, 2014, for Big ...

A junior bookkeeper, Bob Delisle, prepared the following trial balance on April 30, 2014, for Big Party Inc.. Prepare a corrected trial balance based on the incorrect trial balance and the additional data.
    Big Party Inc.
    Trial Balance
    April 30, 2014

    Debit   Credit
Cash   $5,740
Accounts Receivable      $6,720
Prepaid Insurance   1,480
Supplies   320
Land   9,000
Machinery   15,660
Accounts Payable      5,000
Note Payable   13,000
Common Shares      6,000
Retained Earnings      6,800
Dividends   3,860
Service Revenue      16,400
Salary Expense   7,600
Utilities Expense      3,700
Interest Expense   2,100     ______
Total   $58,760   $44,620

Additional data:
1. Cash is overstated by $1,140.
2. Note Payable is understated by $1,440.
3. Service Revenue is understated by $6,400.

Textbook

Financial Accounting, Canadian Edition

Edition: 5^th

Authors: Harrison, Horngren, Thomas, Berberich, Seguin

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Tomm Author

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Correct

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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