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    Corrected Trial Balance - Treasure Hunt Exploration Co

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    Prepare the corrected trial balance at May 31, 2012. Journal entries are not required.

    Cash is understated by $4,000. b.A $2,000 debit to Accounts receivable was posted as a credit. c.A $1,200 purchase of supplies on account was neither journalized nor posted. d.Equipment's cost is $87,700, not $88,000. e.Salary expense is overstated by $100.

    The trial balance for Treasure Hunt Exploration Company does not balance.

    (make the corrections) see attached.

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    https://brainmass.com/business/trial-balance/corrected-trial-balance-treasure-hunt-exploration-co-471788

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    Dear Student,

    Part d of your question seemed to have a typographical error related to the value of Equipment. Your Equipment figure in the ...

    Solution Summary

    Prepare the corrected trial balance at May 31, 2012. Journal entries are not required.

    Cash is understated by $4,000. b.A $2,000 debit to Accounts receivable was posted as a credit. c.A $1,200 purchase of supplies on account was neither journalized nor posted. d.Equipment's cost is $87,700, not $88,000. e.Salary expense is overstated by $100.

    The trial balance for Treasure Hunt Exploration Company does not balance.

    $2.19