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Trial Balance April 30, 2010




The trial balance of Geronimo Company does not balance. Your review of the ledger reveals the following: (a) Each account had a normal balance. (b) The debit footings in Prepaid Insurance, Accounts Payable, and Property Tax Expense were each understated $1,000. (c) A transposition error was made in Accounts Receivable and Service Revenue, the correct balances for Accounts Receivable and Service Revenue are $2,750 and $6,690, respectively. (d) A debit posting to Advertising Expense of $300 was omitted. (e) A $3,200 cash drawing by the owner was debited to Geronimo, Capital, and credited to Cash.;GERONIMO COMPANY Trial Balance April 30, 2010;Debit Credit;Cash $2,100;Accounts Receivable 2,570;Prepaid Insurance 700;Equipment $8,000;Accounts Payable 4,500;Property Tax Payable 560;Geronimo, Capital 11,200;Service Revenue 6,960;Salaries Expense 4,200;Advertising Expense 1,100;Property Tax Expense 800;$18,190 $24,500;Prepare a correct trial balance. (If answer is zero, please enter 0, do not leave any fields blank.);GERONIMO COMPANY Trial Balance April 30, 2010;Debit Credit;Cash;Accounts Receivable;Prepaid Insurance;Equipment;Accounts Payable;Property Tax Payable;Geronimo, Capital;Geronimo, Drawing;Service Revenue;Salaries Expense;Advertising Expense;Property Tax Expense


Paper#26637 | Written in 18-Jul-2015

Price : $37