December 31, 2010
5. The following balance sheet, prepared by a careless bookkeeper, has been given to you to review.
List any corrections that need to be made. Errors can be in classification, lack of disclosure, format, or terminology.
6. The following balance sheet, prepared by Whoops Bookkeeping Service, has been given to you to review.
Prepare a corrected, properly classified balance sheet in report form.
For Year Ended December 31, 2010