The following trial balance of Brian's Pickle Co.for June 30,2014 does not balance. The following errors were discovered:
1.A purchase of supplies for cash was posted as $40 when it should have been $400.
2.The first two numbers of the amount for notes payable were transposed while being copied from the account balance to the trial balance.The correct amount of Notes Payable should be $51,500.
3.A collection of cash was debited to the cash account in the amount of $5,500 but was not credited to the revenue account.
4.A purchase of supplies for $725 on account was not recorded.
Instructions: Prepare a corrected trial balance

Question

The following trial balance of Brian's Pickle Co.for June 30,2014 does not balance.  The following errors were discovered:
1.A purchase of supplies for cash was posted as $40 when it should have been $400.
2.The first two numbers of the amount for notes payable were transposed while being copied from the account balance to the trial balance.The correct amount of Notes Payable should be $51,500.
3.A collection of cash was debited to the cash account in the amount of $5,500 but was not credited to the revenue account.
4.A purchase of supplies for $725 on account was not recorded.
Instructions: Prepare a corrected trial balance

Quizplus · Accepted Answer

The Answer of The following trial balance of Brian's Pickle Co.for June 30,2014 does not balance.  The following errors were discovered:
1.A purchase of supplies for cash was posted as $40 when it should have been $400.
2.The first two numbers of the amount for notes payable were transposed while being copied from the account balance to the trial balance.The correct amount of Notes Payable should be $51,500.
3.A collection of cash was debited to the cash account in the amount of $5,500 but was not credited to the revenue account.
4.A purchase of supplies for $725 on account was not recorded.
Instructions: Prepare a corrected trial balance

The Following Trial Balance of Brian's Pickle Co