The trial balance of Ron Salem 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 $570. and Accounts Receivable was credited for the same amount. The actual collection was for $750.
2. The purchase of a printer on account for $340 was recorded as a debit to Supplies for S340 and a credit to Accounts Payable for S340.
3. Sen ices 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 S367 was omitted.
5. A payment of a balance due for S309 was credited to Cash for S309 and credited to Accounts Payable for $390.
6. The payment of a $500 cash dividend was debited to Salaries Expense for $500 and credited to Cash for $500.
Instructions Prepare a correct trial balance. (Hint: It helps to prepare the correct journal entry for the transaction described and compare it to the mistake made).

Transcribed Image Text:

RON SALEM Co. Trial Balance June 30, 2006 Debit Credit Cash $ 3,840 Accounts Receivable $ 3.231 Supplies 800 Equipment 3,000 Accounts Payable 2,666 Unearned Revenue 2.200 Common Stock 9,000 Dividends 800 Service Revenue 2,380 Salaries Expense 3.400 Office Expense 910 $14.341 $17.886