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    figsaf's Avatar
    figsaf Posts: 4, Reputation: 0
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    #1

    Dec 7, 2007, 10:59 PM
    Journal Entry and Income Statement
    I am working on an accounting A-1 Photography Practice, Version 5 set and have hit a snag. My trial balance is over by $350 and I think it has to do with an entry involving an invoice received by A-1 for Advertisement - 9/9/07 to 10/9/07. My journal entry was as follows: Advertising Expense 350
    Accounts Payable 350
    There is no instruction to pay but I know that it has to be entered somewhere. If I remove it all together than my Adjustments and Adjusted Trial Balance equal. I am also having a problem with the Income Statement as I am off by $650 after going over it several times. Would appreciate any help. Let me know if I need to send any other information. Thanks
    student 101's Avatar
    student 101 Posts: 53, Reputation: 1
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    #2

    Dec 8, 2007, 12:56 PM
    Quote Originally Posted by figsaf
    I am working on an accounting A-1 Photography Practice, Version 5 set and have hit a snag. My trial balance is over by $350 and I think it has to do with an entry involving an invoice received by A-1 for Advertisement - 9/9/07 to 10/9/07. My journal entry was as follows: Advertising Expense 350
    Accounts Payable 350
    There is no instruction to pay but I know that it has to be entered somewhere. If I remove it all together than my Adjustments and Adjusted Trial Balance equal. I am also having a problem with the Income Statement as I am off by $650 after going over it several times. Would appreciate any help. Let me know if I need to send any other information. Thanks
    I could help you out just contact me an send me the files
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