[kalipaint]

For my end of month trial balance I have these accounts with these figures

Cash - Debit - 273.82
Parts - Debit - 300.93
Service Revenue - Credit - 349.25
Sales tax payable - Credit - 22.39
L. R. Capital - Credit - 146.58
L. R. Drawing Debit - 104.50
Sales - Credit - 315.66
Utilities Expense - Debit - 154.65
Misc Income - Credit - .02
Misc Expenses - Debit - 11.95

Everything balanced until I put the Misc Expense in there. In the G.J. I debited misc expenses 11.95 and credited cash 11.95. What am I doing wrong for it not to balance? I have triple checked my math and entries. Thank you in advance.

[richiem]

Hi there Kalipaint,

Writing from a logistics / inventory standpoint and used to dealing with cost variances.

The first thing I would check is to make sure that the miscellaneous expense didn't get posted or included somehow someway to either the parts or drawing debit accounts. You are over on the debit side $11.95 ($845.85) compared with credits of $833.90 which makes sense given the miscellaneous expense. My best educated guess is that the cost of the inventory got included this way and should not have. Check that area first.

RichieM