Wrobell Company has the following incorrect trial balance available on December 31,2015:
The following errors in the trial balance were made:
1.Recorded $200 cash revenue received by debiting Accounts Receivable for $200 and crediting 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 correct trial balance at December 31,2015.A proper heading is not required.

Question

Wrobell Company has the following incorrect trial balance available on December 31,2015:
  The following errors in the trial balance were made:
1.Recorded $200 cash revenue received by debiting Accounts Receivable for $200 and crediting 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 correct trial balance at December 31,2015.A proper heading is not required.

Quizplus · Accepted Answer

The Answer of Wrobell Company has the following incorrect trial balance available on December 31,2015:
  The following errors in the trial balance were made:
1.Recorded $200 cash revenue received by debiting Accounts Receivable for $200 and crediting 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 correct trial balance at December 31,2015.A proper heading is not required.

Wrobell Company Has the Following Incorrect Trial Balance Available on December