This trial balance of Thom Wargo Co. does not balance. Each of the listed accounts has a

Question:

This trial balance of Thom Wargo Co. does not balance.

image text in transcribed

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 on account was debited for $\$ 570$, and Accounts Receivable was credited for the same amount. The actual collection was for $\$ 750$.
2. The purchase of a typewriter 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 on account for $\$ 206$ was credited to Cash for $\$ 206$ and credited to Accounts Payable for $\$ 260$.
6. Payment of a $\$ 400$ cash dividend to Wargo's stockholders was debited to Salaries Expense for $\$ 400$ and credited to Cash for $\$ 400$.
\section*{Instructions}
Prepare the correct trial balance.