Question

Eva's Laundry Trial Balance May 31, 2019 Unadjusted Adjusted Debit Credit Balances Credit Balances Debit Balances Balances Cash 8.860 8,860 Accounts Receivable Laundry Supplies 21,500 4,300 25,800 6,320 6,120 1,650 209.400 216,490 Prepaid Insurance Laundry Equipment Accumulated Depreciation-Laundry Equipment Accounts Payable Wages Payable Eva Baldwin, Capital 56,700 11.340 56,700 11,340 1,420 130,300 Eva Baldwin, Drawing 130,300 33,900 Laundry Revenue 33.900 206,840 206,840 58,110 58.110 30,230 30,230 21.090 Wages Expense Rent Expense Uitles Expense Depreciation Expense Laundry Supplies Expense Insurance Expense Miscellaneous Expense 21,890 7,090 2,020 940 3,780 3.780 405,180 405,180 409,990 * 4,470 of insurance expired during the year 405.600 Identify the errors in the accounting stations of the chantante de Al Work saved MacBook Pro Display Connected: Mirror Displays Extend Desktop & 3 4 5 6 7 C 9 8 0

Answer 1

Errors
1)	the accountant debited the accounts receivable for					4300	but the
	corresponding entry in laundry revenue was not passed
2)	laundry supplies was expensed for				2,020	howeve instead of
	crediting the account of laundry supplies it was debited
3)	insurance expense expired for			4,470	but insurance expense was debited with only
	900
4)	Equipment account was wrongly credited				7090	instead accumulated depreciation
	account should be credited
5)	wage expense was not debited			1,420
		Adjusted Trial Balance
					Debit	Credit
	Cash				8,860
	Accounts receivable				25,800
	laundry supplies				2280
	prepaid insurance				1,650
	laundry equipment				216,490
	Accumulated Depreciation-laundry equipment					63790
	Accounts payable					11,340
	Wages payable					1,420
	Eva Baldwin,Capital					130,300
	Eva Baldwin,Drawing				33,900
	Laundry revenue					211140
	Wages expense				59,530
	Rent expense				30,230
	Utilities expense				21,890
	Depreciation expense				7090
	Laundry supplies expense				2,020
	Insurance expense				4,470
	Miscellaneous expense				3,780
	totals				417,990	417990