Wrobell Company has the following incorrect trial balance available on December 31, 2017:
The following errors in the trial balance were made:
1. Recorded $200 cash revenue received by debiting Accounts Receivable for $200 and crediting Sales Revenue for $200.
2. Posted a $1,000 credit to Accounts Payable as $100.
3. Understated Common Stock by $200.
4. Omitted a journal entry that debits Insurance Expense for $3,700 and credits Cash for $3,700.
Prepare a corrected trial balance at December 31, 2017. A proper heading is not required.

Question

Wrobell Company has the following incorrect trial balance available on December 31, 2017:
  The following errors in the trial balance were made:
1. Recorded $200 cash revenue received by debiting Accounts Receivable for $200 and crediting Sales Revenue for $200.
2. Posted a $1,000 credit to Accounts Payable as $100.
3. Understated Common Stock by $200.
4. Omitted a journal entry that debits Insurance Expense for $3,700 and credits Cash for $3,700.
Prepare a corrected trial balance at December 31, 2017. A proper heading is not required.

Quizplus · Accepted Answer

The Answer of Wrobell Company has the following incorrect trial balance available on December 31, 2017:
  The following errors in the trial balance were made:
1. Recorded $200 cash revenue received by debiting Accounts Receivable for $200 and crediting Sales Revenue for $200.
2. Posted a $1,000 credit to Accounts Payable as $100.
3. Understated Common Stock by $200.
4. Omitted a journal entry that debits Insurance Expense for $3,700 and credits Cash for $3,700.
Prepare a corrected trial balance at December 31, 2017. A proper heading is not required.

Wrobell Company Has the Following Incorrect Trial Balance Available on December