The trial balance for Woodway Copy Center, shown on page 82, does not balance. The Correcting errors in a trial following errors were detected: balance

(Obj. 2, 5)

a. The cash balance is overstated by \(\$ 400\).

b. Office maintenance expense of \(\$ 200\) is omitted from the trial balance.

c. Rent expense of \(\$ 200\) was posted as a credit rather than a debit.

d. The balance of Advertising Expense is \(\$ 300\), but it is listed as \(\$ 400\) on the trial balance.

e. A \(\$ 600\) debit to Accounts Receivable was posted as \(\$ 60\).

f. The balance of Utilities Expense is understated by \(\$ 60\).

g. A \(\$ 1,300\) debit to the Dividends account was posted as a debit to Common Stock.

h. A \(\$ 100\) purchase of supplies on account was neither journalized nor posted.

i. A \(\$ 5,600\) credit to Service Revenue was not posted.
j. Office furniture should be listed in the amount of \(\$ 1,300\).

\section*{Required}
Prepare the correct trial balance at October 31. Journal entries are not required.

Transcribed Image Text:

WOODWAY COPY CENTER, INC. TRIAL BALANCE OCTOBER 31, 19X1 Cash.......... $ 3,800 Accounts receivable......... 2,000 Supplies.......... 500 Office furniture... 2,300 Land... 46,000 Accounts payable......... $ 2,000 Note payable... 18,300 Common stock........ 29,500 Dividends......... 3,700 Service revenue. 4,900 Salary expense.. 1,000 Rent expense... 600 Advertising expense. 400 Utilities expense expense........ 200 Property tax expense. 100 Total...... $60,600 $54,700