brenda longval travel design prepared its trial balance suppose longval made an erro 538308
Correcting a trial balance
Brenda Longval Travel Design prepared its trial balance. Suppose Longval made an error: She erroneously listed capital of $30,600 as a debit rather than a credit.
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BRENDA LONGVAL TRAVEL DESIGN Trial Balance 30-Apr-12 |
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|
Balance |
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|
Account Title |
Debit |
Credit |
|
Cash |
$ 18,000 |
|
|
Accounts receivable |
1,000 |
|
|
Office supplies |
500 |
|
|
Land |
14,000 |
|
|
Accounts payable |
$400 |
|
|
Longval, capital |
30,600 |
|
|
Longval, drawing |
3,000 |
|
|
Service revenue |
8,800 |
|
|
Rent expense, computer |
700 |
|
|
Rent expense, office |
900 |
|
|
Salary expense |
1,100 |
|
|
Utilities expense |
600 |
|
|
Total |
||
Requirement
1. Compute the incorrect trial balance totals for debits and credits. Then show how to correct this error.
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