Below is the unadjusted trial balance for Dawson Designs Co.Required
(1) Identify the errors in the trial balance. All accounts have normal balances.
(2) Prepare a corrected trial balance.

Question

Below is the unadjusted trial balance for Dawson Designs Co.Required(1) Identify the errors in the trial balance. All accounts have normal balances.(2) Prepare a corrected trial balance.

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Final Answer :

(1)a. The Debit column is added incorrectly; the sum is actually $289,780.b. The trial balance should be dated January 31, rather than "For theMonth of January"c. The Accounts Receivable balance should be in the Debit column.d. The Accounts Payable balance should be in the Credit column.e. The Tim Dawson, Drawing balance should be in the Debit column.f. The Miscellaneous Expense balance should be in the Debit column.
(2)

Below is the unadjusted trial balance for Dawson Designs Co.Required
(1) Identify the errors in the trial balance. All accounts have normal balances.
(2) Prepare a corrected trial balance.

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