View Full Version : Trial Balance Correction
loganc123
Sep 14, 2015, 02:50 PM
Hello, I am having trouble with a trial balance sheet. I will post a screenshot of the issues I am having for this assignment.
Picture 1: https://gyazo.com/7acb274640699dfa8b3ba9e510c50519
Picture 2: https://gyazo.com/6139e204a819f08923ef8a7dca1e080f
I am having a hard time understanding this assignment.
smoothy
Sep 14, 2015, 03:19 PM
You fill out the spaces on the second picture with the data you get from the first picture.
After you do that show us what you came up with. Because you won't learn anything if someone hands you the answers. Then how will you make it through the rest of the class and life?
paraclete
Sep 14, 2015, 03:26 PM
There are various differences that have to be corrected once you have made these corrections let us see your work
Eq if an entry is posted incorrectly it may make a difference in only one account
if an entry is completely incorrect it will make a difference in both accounts
What is usual is you create a worksheet showing the original balance, the correction and the new balance
Read the whole question very carefully and follow the example