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Fox LtdHad the Following Trial Balance on October 31,2017

Question 169

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Fox Ltd.had the following trial balance on October 31,2017.
Fox Ltd.had the following trial balance on October 31,2017.    The following errors caused the trial balance not to balance: a.Recorded a $2,000 debit to Note Payable as a debit to Note Receivable. b.Posted a $3,000 credit to Accounts Payable as $300. c.Recorded a cash revenue transaction by debiting Cash for $6,000 and crediting Accounts Receivable for $6,000. d.The Common Shares account is understated by $11,100. Prepare a corrected trial balance as of October 31,2017.All accounts have a normal balance. The following errors caused the trial balance not to balance:
a.Recorded a $2,000 debit to Note Payable as a debit to Note Receivable.
b.Posted a $3,000 credit to Accounts Payable as $300.
c.Recorded a cash revenue transaction by debiting Cash for $6,000 and crediting Accounts Receivable for $6,000.
d.The Common Shares account is understated by $11,100.
Prepare a corrected trial balance as of October 31,2017.All accounts have a normal balance.

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