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Question 4 When the accounting manager reviewed the current trial balance, it appeared that mistakes...

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Accounting

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Question 4 When the accounting manager reviewed the current trial balance, it appeared that mistakes in account postings were made to two accounts: accounts receivable and advertising expense. An investigation into the general ledger accounts revealed the following tems 1A $2.000 credit posting was omitted from the accounts receivable account 2. A 51.000 debt and a $4.000 credit was omitted from the advertising expense account If the balances on the trial balance before correcting any mistakes were as follows Accounts receivable $13.500 Advertising expense 53,000 13.000 What should the correct final balances of the accounts be once the postings are corrected? Accounts receivable Advertising Expense 15.500 Accounts receivable Advertising Expense 11.500 Accounts receivable Advertising Expense 15,500 Accounts receivable Advertising Expense 11.500 5.000 11.000 3,000

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