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In the trial balance below, total debits do not equal total credits. Find and correct the likely error(s) to bring the totals into balance.   Debit Credit Cash 158,000   Office Supplies   25,000 Equipment 180,000   Accum. Depreciation—Equipment   44,000 Accounts Payable   47,700 Wages Payable   13,000 W. Shannon, Capital   20,970 W. Shannon, Withdrawals 25,000   Entertainment Revenue   338,000 Rent Expense 26,800   Gas and Oil Expense 3,000   Wage Expense 219,700   Advertising Expense 12,500   Legal Expense 11,400   Totals 636.400 488,670

In the trial balance below, total debits do not equal total credits. Find and correct the likely error(s) to bring the totals into balance.   Debit Credit Cash 158,000   Office Supplies   25,000 Equipment 180,000   Accum. Depreciation—Equipment   44,000 Accounts Payable   47,700 Wages Payable   13,000 W. Shannon, Capital   20,970 W. Shannon, Withdrawals 25,000   Entertainment Revenue   338,000 Rent Expense 26,800   Gas and Oil Expense 3,000   Wage Expense 219,700   Advertising Expense 12,500   Legal Expense 11,400   Totals 636.400 488,670

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter2: Basic Accounting Systems: Cash Basis
Section: Chapter Questions
Problem 2.6P: Financial statements Alpine Realty. Inc., organized July 1. 20Y8, is operated by Angela Griffin. How...
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In the trial balance below, total debits do not equal total credits. Find and correct the likely error(s) to bring the totals into balance.

  Debit Credit
Cash 158,000  
Office Supplies   25,000
Equipment 180,000  
Accum. Depreciation—Equipment   44,000
Accounts Payable   47,700
Wages Payable   13,000
W. Shannon, Capital   20,970
W. Shannon, Withdrawals 25,000  
Entertainment Revenue   338,000
Rent Expense 26,800  
Gas and Oil Expense 3,000  
Wage Expense 219,700  
Advertising Expense 12,500  
Legal Expense 11,400  
Totals 636.400 488,670

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