What am I doing wrong? Answers in red were marked wrong.
Compute the missing information from this post-closing trail balance.
Prepaid Insurance = Total DR side – (Cash + Prepaid Rent + Account’s Receivables + Supplies)
Wages Payables = Total CR Side - (Account’s Payable+ common Stock + Retained Earnings)
Compute the missing information from this post-closing trail balance.
Cash | 34689 | |
Accounts Receivable | 9467 | |
Prepaid Rent | 5000 | |
Prepaid Insurance | 2256 | |
Supplies | 944 | |
Accounts Payable | | 5389 |
Wages Payable | | 1324 |
Common Stock | | 37409 |
Retained Earnings | | 8234 |
Total | 52356 | 52356 |
Prepaid Insurance = Total DR side – (Cash + Prepaid Rent + Account’s Receivables + Supplies)
Wages Payables = Total CR Side - (Account’s Payable+ common Stock + Retained Earnings)