Correcting a trial balance Brenda Longval Travel Design, Inc., prepared its trial balance. Suppose Longval made an error: She erroneously listed common stock of $30,600 as a debit rather than a credit. 11eb8258_94bf_e9e4_bb02_0d6d3f4d2a3b_SM1625_00 Requirement 1. Compute the incorrect trial balance totals for debits and credits. Then show how to correct this error.

Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

Edition 3ISBN: 978-0132962339

Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

Edition 3ISBN: 978-0132962339

Exercise 12

Correcting a trial balance
Brenda Longval Travel Design, Inc., prepared its trial balance. Suppose Longval made an error: She erroneously listed common stock of $30,600 as a debit rather than a credit.

Requirement
1. Compute the incorrect trial balance totals for debits and credits. Then show how to correct this error.

Explanation

Verified

This exercise requires knowledge and app...