Adjusting a Trial Balance

lieno · #1 Nov 5, 2007, 05:46 AM

This question is different in that the totals do not equate. Even IF my adjustments are correct my figures are still off. Please help me someone. The writing in red are the adjustments I've made.

Cash 1920
AR 2830
Supplies 60
Prepaid Insurance 90
Equipment 4200
Salary Exp. 1300
Rent Exp. 300
Adveritising Exp. 170
Utilities Exp. 13
Total = $10883 DR

AP 2270
Capital 5780
Withd. 350
Revenues 2960
Total = $ 11360 CR

Cash was understated by 200. Cash 200 DR and Capital 200 CR.
Withd. was posted as a credit when it should have been posted as a debit. Withd. 700 DR and Cash 700 CR.
100 was Withd. and not posted. Withd. 100 DR and Cash 100 CR.
AP had credits 4590 and debits 2690. Cash 370 CR, AP 2690 DR and AP 2320 CR
Note Payable (NP) was 1200. Add NP and NP Exp. accounts and place NP 1200 CR and NP Exp. 1200 DR.
Supplies were purchased for 30 cash and posted as credit by mistake. Supplies 60 DR and Cash 60 CR

If someone would kindly provide me with clarity by all means please do so.
Thanks;
lieno

Is it possible that there are some monies in a hidden account that make up the difference on the debit side of this trial balance? Or am I just this bad at this thing?



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