The bookkeeper for Razowski Company has prepared the follow¬

ing trial balance:

The bookkeeper has asked for your help. In examining the firm’s journal and ledger, you discover the following;

a. The debits to the Cash account total $7,000, and the credits total $4,400.

b. A $400 payment to a creditor was entered in the journal but was not posted to the Accounts Payable account. Cash was properly posted.

c. The first two digits in the balance of the Accounts Receivable account were transposed in copying the balance from the ledger to the trial balance.
Prepare a corrected trial balance.

Transcribed Image Text:

Razowski Company Trial Balance May 31, 19- 1 Cash 2 ACCOUNT NAME Accounts Receivable 3 Supplies 4 Prepaid Insurance sEquipment 6 Accounts Payable 7 S. Razowski, Capital BO 8 S. Razowski, Drawing Income from Services 9 10 Rent Expense 11 12 13 123 Miscellaneous Expense DEBIT CREDIT 260000 840000 70000 65000 1640000 200000 380000 1200000 123 4567 00 8 19650 00 9 600000 10 190000 11 38050 00 12 13 360|5000