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Unformatted text preview: 23,220 25,150 25,150 Notes from Problem: A. Each account has a normal balance. B. The debit footings in Prepaid Insurance, Accounts Payable, and Property Tax Expense were each understated by $1,000. C. A transposition error was made in Accounts Receivable and Service Revenue; the correct balances for AR and Ser. Revenue are $2,750 and $6,690, respectively. D. A debit posting to Advertising Expense of $300 was omitted. E. A $3,200 cash drawing by the owner was debited to Geronimo, Capital, and credited to Cash....
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This note was uploaded on 03/02/2012 for the course AICS 3115 taught by Professor Lynnalmond during the Spring '11 term at Virginia Tech.
- Spring '11