The trial balance of Don Kelso Co. shown below does not balance.

Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors.
1. Cash received from a customer in payment of its account was debited for \($470,\) and Accounts Receivable was credited for the same amount. The actual collection was for \($740.\)

2. The purchase of a printer on account for \($340\) was recorded as a debit to Supplies for \($340\) and a credit to Accounts Payable for \($340.\)

3. Services were performed on account for a client for \($890.\) Accounts Receivable was debited for \($890,\) and Service Revenue was credited for \($89.

4. A debit posting to Salaries Expense of \($600\) was omitted.

5. A payment of a balance due for \($206\) was credited to Cash for \($206\) and credited to Accounts Payable for \($260.\)

6. The withdrawal of \($500\) cash for Kelso’s personal use was debited to Salaries Expense for \($500\) and credited to Cash for \($500.\)

Instructions

Prepare a correct trial balance.

Transcribed Image Text:

DON KELSO CO. Trial Balance June 30, 2008 Debit Credit Cash $ 2,840 Accounts Receivable $ 3,231 Supplies 800 Equipment 3,000 Accounts Payable 2,666 Unearned Revenue 1,200 D. Kelso, Capital 9,000 D. Kelso, Drawing 800 Service Revenue 2,380 Salaries Expense 3,400 Office Expense 910 $13,341 $16,886