What is the correct balance of each account below and it the balance a debit or a credit? -The pencil footings for Accounts Payable were debits of $5,320 and credits of $8,800. - A debit of $180 to Prepaid Rent was not posted. - Office Supplies bought for $60 was posted as a credit to Office Supplies -A debit of $120 to Accounts Receivable was not posted. -The pencil footing of the credits to Cash was overstated by $400. And a cash payment of $420 was credited to Cash for $240. Fees EarnedCashAccounts ReceivableOffice EquipmentAccounts PayableD. Hampton, CapitalD. Hampton, WithdrawalsWage ExpenseRent ExpenseUtilities ExpenseOffice SuppliesPrepaid RentTotals..Trial Balance.●●DEBIT3,260.005,660.008,400.00What is the correct balance of each account below and it the balance a debit or a credit?The pencil.footings for Accounts Payable were debits of $5,320 and credits of $8,800.A debit of $180 to Prepaid Rent was not posted.Office Supplies bought for $60 was posted as a credit to Office Supplies2,600.00940.0026.00120.00180.0021,186.00CREDIT5,720.004,160.0011,560.00700.0022,140.00A debit of $120 to Accounts Receivable was not posted.The pencil footing of the credits to Cash was overstated by $400. And a cash payment of$420 was credited to Cash for $240.

Adjusted trial balance is prepared after including all the additional adjustments. In the trial…

What is the correct balance of each account below and it the balance a debit or a credit? -The pencil footings for Accounts Payable were debits of $5,320 and credits of $8,800. - A debit of $180 to Prepaid Rent was not posted. - Office Supplies bought for $60 was posted as a credit to Office Supplies -A debit of $120 to Accounts Receivable was not posted. -The pencil footing of the credits to Cash was overstated by $400. And a cash payment of $420 was credited to Cash for $240.

What is the correct balance of each account below and it the balance a debit or a credit? -The pencil footings for Accounts Payable were debits of $5,320 and credits of $8,800. - A debit of $180 to Prepaid Rent was not posted. - Office Supplies bought for $60 was posted as a credit to Office Supplies -A debit of $120 to Accounts Receivable was not posted. -The pencil footing of the credits to Cash was overstated by $400. And a cash payment of $420 was credited to Cash for $240.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 13GI

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