subject
Business, 26.09.2019 22:20 tyty8265

The following trial balance of wanda landowska company does not balance. your review of the ledger reveals the following. (a) each account had a normal balance. (b) the debit footings in prepaid insurance, accounts payable, and property tax expense were each understated $100. (c) a transposition error was made in accounts receivable and service revenue; the correct balances for accounts receivable and service revenue are $2,750 and $6,690, respectively. (d) a debit posting to advertising expense of $300 was omitted. (e) a $1,500 cash drawing by the owner was deb-ited to owner’s capital and credited to cash. wanda landowska company trial balance april 30, 2017debit creditcash 4800 accounts receivable 2570 prepaid insurance 700 equipment 8000accounts payable 4500property taxes payable 560 owner's capital 11200service revenue 6960 salaries and wages expense 4200 advertising expense 1100 property tax expense 80020890 24500instructions prepare a correct trial balance.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 02:10
Materials purchases (on credit). direct materials used in production. direct labor paid and assigned to work in process inventory. indirect labor paid and assigned to factory overhead. overhead costs applied to work in process inventory. actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) transfer of jobs 306 and 307 to finished goods inventory. cost of goods sold for job 306. revenue from the sale of job 306. assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions.
Answers: 1
question
Business, 22.06.2019 09:00
Consider the scenario below and let us know if you believe lauren smith's actions to be ethical. let us know why or why not. lauren smith is the controller for sports central, a chain of sporting goods stores. she has been asked to recommend a site for a new store. lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. therefore, lauren recommended locating the new store in her uncle’s shopping plaza. in making her recommendation to management, she did not disclose that her uncle owns the shopping plaza. if management decided to go with lauren's uncle's plaza, what additional information would be needed in the financial statements?
Answers: 2
question
Business, 22.06.2019 10:40
You were able to purchase two tickets to an upcoming concert for $100 apiece when the concert was first announced three months ago. recently, you saw that stubhub was listing similar seats for $225 apiece. what does it cost you to attend the concert?
Answers: 1
question
Business, 22.06.2019 13:00
Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate? a) threat of new entrants b)competitors c) economic factors d) customers d) regulators
Answers: 1
You know the right answer?
The following trial balance of wanda landowska company does not balance. your review of the ledger r...
Questions
question
Mathematics, 29.11.2021 06:30
question
Mathematics, 29.11.2021 06:30
question
Chemistry, 29.11.2021 06:30
question
History, 29.11.2021 06:30
question
Chemistry, 29.11.2021 06:30
question
Mathematics, 29.11.2021 06:30
question
Mathematics, 29.11.2021 06:30
question
Mathematics, 29.11.2021 06:30
question
History, 29.11.2021 06:30
Questions on the website: 13722360