Georgia Lapp Travel Design, Inc., prepared its trial balance. Suppose Lapp made an error: She erroneously listed common stock of \($30,100\) as a debit rather than a credit.

Requirement 

1. Compute the incorrect trial balance totals for debits and credits. Then show how to correct this error.

Transcribed Image Text:

GEORGIA LAPP TRAVEL DESIGN, INC. Trial Balance April 30, 2010 Balance Account Title Debit Credit Cash $ 16,000 Accounts receivable 1,000 Office supplies 500 Land 16,000 Accounts payable $ 200 Common stock 30,100 Dividends 2,000 Service revenue 8,500 Rent expense, computer 800 Rent expense, office 900 Salary expense 1,200 Utilities expense 400 Total