The trial balance of Ron Salem Co. shown below does not balance. Prepare a correct trial balance. Ron Salem Co.

Trial Balance (LO 7)

June 30, 2014 Debit Credit Cash $ 3,840 Accounts Receivable $ 2,898 Supplies 800 Equipment 3,000 Accounts Payable 2,666 Unearned Service Revenue 2,200 Common Stock 9,000 Dividends 800 Service Revenue 2,380 Salaries and Wages Expense 3,400 Utilities Expense 910

$14,008 $17,886 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 computer on account for $620 was recorded as a debit to Supplies for $620 and a credit to Accounts Payable for $620.

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 and Wages Expense of $700 was omitted.

5. A payment of a balance due for $309 was credited to Cash for $309 and credited to Accounts Payable for $390.

6. The payment of a $600 cash dividend was debited to Salaries and Wages Expense for

$600 and credited to Cash for $600.

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.)