Parrish Ch. 4 Pg. 95 4-1 (Analysis of Period-end Measurements and Adjusting Process) Correcting The Trial Balance: DEBITS AND CREDITS ARE NOT EQUAL Please show me the correct answer to the following problem on the trial balance sheet and how you came to the answer. ACCOUNTS LISTED UNDER DEBIT Cash $470550 Accounts Receivable $41,800 Land $170000 Building $170000 Trucks $232000 Accumulated Depreciation $100000 Mortgage Payable $298,00 Moving Service Revenue $78000 Salaries Expense $30650 Repairs Expense $1250 Interest Expense $3000 TOTAL FOR DEBITS: $1785250 ACCOUNTS LISTED UNDER CREDITS Accounts Payable $50750 Dividends Payable $8000 Common Stock $800000 Dividends $8000 Gasoline Expense $17500 CREDITS TOTAL $884250
Parrish Ch. 4 Pg. 95 4-1
(Analysis of Period-end Measurements and Adjusting Process)
Correcting The
Please show me the correct answer to the following problem on the trial balance sheet and how you came to the answer.
ACCOUNTS LISTED UNDER DEBIT
Cash $470550
Accounts Receivable $41,800
Land $170000
Building $170000
Trucks $232000
Mortgage Payable $298,00
Moving Service Revenue $78000
Salaries Expense $30650
Repairs Expense $1250
Interest Expense $3000
TOTAL FOR DEBITS: $1785250
ACCOUNTS LISTED UNDER CREDITS
Accounts Payable $50750
Dividends Payable $8000
Common Stock $800000
Dividends $8000
Gasoline Expense $17500
CREDITS TOTAL $884250
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