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 $ 138,827Explanation / 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
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