Accounting. Examination of the ledger reveals many mistakes. Show all images Show all images Show all images done loading An examination of the ledger and

Accounting. Examination of the ledger reveals many mistakes.

An examination of the ledger and journal reveals the following: 1. 2. 3. 4. 5. 6. 7. Each of the above listed accounts has a normal balance. Cash of $340 received from a customer on account was debited to Cash as $430 and credited to Accounts Receivable as $430. Dividends of $490 paid to shareholders were posted as a credit to Dividends Declared of $490 and a credit to Cash of $490. Salaries Expense was posted as $8,000 rather than the correct amount of $7,024 to the general ledger. The purchase of equipment on account for $940 was recorded as a debit to Repairs and Maintenance Expense and a credit to Accounts Payable. Services were performed on account for a customer for $860. Accounts Receivable was debited $860 and Service Revenue was credited $86. A payment on account for $340 was credited to Cash for $340 and credited to Accounts Payable for $430. Prepare a correct trial balance.