a) Follow the Instructions for P2.4 on page 2-41 of the textbook.

b) In the trial balance shown on page 2-41, two of the accounts do not have normal balances. Which ones?

How do you know?

c) "Dividends" and "Salaries and Wages Expense" both reduce equity. In that way, they are similar. Yet the

accounts are fundamentally different from each other. Explain why, including the financial statement in

which each should appear.

d) Prepare a residual analysis for an event that would have resulted in a credit to Unearned Service Revenue.

P2.4 (LO 4) The trial balance of De Bortoli Co. shown below does not balance. Prepare a correct trial balance. De Bortoli Co.Trial BalanceJune 30, 2020 —m——— $Accounts Receivable EquipmentAccounts Payable Unearned Service Revenue 1,100 Dividends 800 Service RevenueSalaries and Wages Expense 3,200 Utilities Expense 810 $748 Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journalreveals the following errors. Share Capital—Ordinary - 1. Cash received from a customer in payment of its account was debited for $580, and Accounts Receivablewas credited for the same amount. The actual collection was for $850. 2. The purchase of a computer on account for $710 was recorded as a debit to Supplies for $710 and a credit toAccounts Payable for $710. 3. Services were performed on account for a client for $980. Accounts Receivable was debited for $980, andService Revenue was credited for $98. 4. A debit posting to Salaries and Wages Expense of $700 was omitted. 5. A payment of a balance due for $306 was credited to Cash for $306 and credited to Accounts Payable for$360. 6. A dividend of $600 cash 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 describedand compare it to the mistake made.) Trial balance totals $15,462