The unadjusted and adjusted trial balances for Ellen's Coiffures is shown below. Assume that all balances in the unadjusted trial balance column and the amounts of the adjustments are correct. Further assume that $400 of insurance expired during the year. Locate the errors in the accountant's adjusting entries, assuming that none of the accounts was affected by more than one adjusting entry.

Question

The unadjusted and adjusted trial balances for Ellen's Coiffures is shown below. Assume that all balances in the unadjusted trial balance column and the amounts of the adjustments are correct. Further assume that $400 of insurance expired during the year. Locate the errors in the accountant's adjusting entries, assuming that none of the accounts was affected by more than one adjusting entry.
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Quizplus · Accepted Answer

The Answer of The unadjusted and adjusted trial balances for Ellen's Coiffures is shown below. Assume that all balances in the unadjusted trial balance column and the amounts of the adjustments are correct. Further assume that $400 of insurance expired during the year. Locate the errors in the accountant's adjusting entries, assuming that none of the accounts was affected by more than one adjusting entry.
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The Unadjusted and Adjusted Trial Balances for Ellen's Coiffures Is