The balances in the General Ledger accounts of Courtney Company resulted in the following totals:

Total assets do not equal total liabilities plus owners' equity because the following errors were made:

Using the appropriate columns shown below, compute the correct balances in the asset, liability, and owners' equity accounts.

Question

The balances in the General Ledger accounts of Courtney Company resulted in the following totals:
 
Total assets do not equal total liabilities plus owners' equity because the following errors were made:
  
Using the appropriate columns shown below, compute the correct balances in the asset, liability, and owners' equity accounts.

Quizplus · Accepted Answer

The Answer of The balances in the General Ledger accounts of Courtney Company resulted in the following totals:
 
Total assets do not equal total liabilities plus owners' equity because the following errors were made:
  
Using the appropriate columns shown below, compute the correct balances in the asset, liability, and owners' equity accounts.

The Balances in the General Ledger Accounts of Courtney Company