Below is the trial balance for Puff Toys.
When trying to determine why the trial balance does not balance, it was discovered that:
1. Several of the accounts listed in the trial balance are in the wrong column. All accounts have normal balances.
2. The accountant forgot to record a credit to sales revenue of $1,000.
3. A transaction to record the payment of rent of $1,000 for the month was not recorded at all.
Required:
Prepare a corrected trial balance in good form.

Question

Below is the trial balance for Puff Toys.
   When trying to determine why the trial balance does not balance, it was discovered that:
1. Several of the accounts listed in the trial balance are in the wrong column. All accounts have normal balances.
2. The accountant forgot to record a credit to sales revenue of $1,000.
3. A transaction to record the payment of rent of $1,000 for the month was not recorded at all.
Required:
Prepare a corrected trial balance in good form.

Quizplus · Accepted Answer

The Answer of Below is the trial balance for Puff Toys.
   When trying to determine why the trial balance does not balance, it was discovered that:
1. Several of the accounts listed in the trial balance are in the wrong column. All accounts have normal balances.
2. The accountant forgot to record a credit to sales revenue of $1,000.
3. A transaction to record the payment of rent of $1,000 for the month was not recorded at all.
Required:
Prepare a corrected trial balance in good form.

Below Is the Trial Balance for Puff Toys