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Wrobell Company Has the Following Incorrect Trial Balance Available on December

Question 172

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Wrobell Company has the following incorrect trial balance available on December 31, 2017:
Wrobell Company has the following incorrect trial balance available on December 31, 2017:    The following errors in the trial balance were made: 1. Recorded $200 cash revenue received by debiting Accounts Receivable for $200 and crediting Sales Revenue for $200. 2. Posted a $1,000 credit to Accounts Payable as $100. 3. Understated Common Stock by $200. 4. Omitted a journal entry that debits Insurance Expense for $3,700 and credits Cash for $3,700. Prepare a corrected trial balance at December 31, 2017. A proper heading is not required. The following errors in the trial balance were made:
1. Recorded $200 cash revenue received by debiting Accounts Receivable for $200 and crediting Sales Revenue for $200.
2. Posted a $1,000 credit to Accounts Payable as $100.
3. Understated Common Stock by $200.
4. Omitted a journal entry that debits Insurance Expense for $3,700 and credits Cash for $3,700.
Prepare a corrected trial balance at December 31, 2017. A proper heading is not required.

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