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P2-53B Correcting Errors in the Trial Balance: Treasure Hunt Exploration Company

A case study on identifying and correcting errors in a trial balance for a fictional company.

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    Correcting Errors in the Trial Balance: Treasure Hunt Exploration Company P2 - 53B - Treasure Hunt Exploration Company P2 - 53B Correcting errors in a trial balance [15 – 25 min] The trial balance for Treasure Hunt Exploration Company does not balance. The following errors were detected: a. The cash balance is overstated by $1,000.

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