Andy Leaf is a careless bookkeeper. He is having a terrible time getting his trial balance to balance. Andy has asked for your assistance in preparing a correct trial balance. The following is the incorrect trial balance.

? Debits to the Cash account were $2,640; credits to the Cash account were $2,150.? Amy Hall paid $15, but this was not updated in Accounts Receivable.? A purchase of office equipment for $105 on account was never recorded in the ledger.? Professional Fees (Revenue) was understated in the ledger by $180. Show how the trial balance will indeed balance once these items are corrected. Tell Ranch Company how it can avoid this problem in the future. Write out your recommendations.

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RANCH COMPANY TRIAL BALANCE JUNE 30, 2020 Dr. Cr. Cash 5 1000 6 3500 Accounts Receivable Office Equipment Accounts Payable 26000 1000 Wages Payable H. Clo, Capital H. Clo, Withdrawals 1000 63500 14 4000 22 4000 2 4000 Professional Fees Rent Expense Advertising Expense 2500 289000 311500 Totals