Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

The debit and credit total balances should be $151,110. What am I doing wrong? T

ID: 2497290 • Letter: T

Question

  

The debit and credit total balances should be $151,110. What am I doing wrong?

The Home Depot Adjusted Trial Balance At February 2, 2014 Account Name Debit Credit Cash $1,929 Receivables Net 1,398 Merchandise Inventories 11,057 Other Current Assets 895 Property and Equipment 39,064     Accumulated Depreciation and Amortization 15,716     Goodwill 289 Other Assets 602 Accounts Payable     5,797 Accrued Salaries and Related Expenses 1,428 Sales Taxes Payable 396 Deferred Revenue 1,337 Income Taxes Payable 12 Current Installments of Long-term Debt 33 Other Accrued Expenses 1,746 Long-term Debt, excluding current installments 14,691 Other Long-term Liabilities 2,042 Deferred Income Taxes 514 Common Stock 88 Paid-In Capital 8,402 Retained Earnings (pg A7) 20,038 Accumulated Other Comprehensive Income 397 Dividends Declared (pg A7)           2,253 Treasury Stock (pg A5)         19,194 Sales            78,812 Cost of Sales         51,422 Selling, General, and Admin. Exp.         16,597 Depr. And Amortization Exp.           1,627 Int. and Investment Income     12 Interest Exp. 711 Provision for Income Taxes     3,082 Total $ 163,754 $      138,827

Explanation / Answer

Accumulated depreciation will have credit balance of $ 15716

Current installment of long term debt will have debit balance $ 33

I think some information is miising

Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
Chat Now And Get Quote