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1. Account Debit Credit
a.
b.
c.
d.
= +
Reported amounts
Corrections:
Adjustment (a)
Adjustment (b)
Adjustment (c)
Adjustment (d)
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1. Account Debit Credit
a. Accounts Receivable 31,900
Fees Earned 31,900
= +
Reported amounts 112,500$ 650,000$ 225,000$ 425,000$
Corrections:
Adjustment (a) 31,900 31,900 – 31,900
Cells with non-gray backgrounds are protected and cannot be edited.
An asterisk (*) will appear to the right of an incorrect entry.
Answers are entered in the cells with gray backgrounds.