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accounting please finish the trial balance sheets. thank you!! Question 5 View Policies Current Attempt in Progress This trial balance of Sunland Company does not
accounting
please finish the trial balance sheets.
thank you!!
Question 5 View Policies Current Attempt in Progress This trial balance of Sunland Company does not balance. SUNLAND COMPANY Trial Balance June 30, 2022 Debit Credit Cash $5,890 Accounts Receivable $5,990 Supplies 2,150 Equipment 5,800 Accounts Payable 6,486 Unearned Service Revenue 2,550 Common Stock 11,800 Dividends 800 Service Revenue 6,280 Salaries and Wages Expense 3,550 Utilities Expense 935 $21,775 $30,456 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 on account was debited for $750, and Accounts Receivable was credited for the same amount. The actual collection was for $570. 2. The purchase of a printer on account for $340 was recorded as a debit to Supplies for $340 and a credit to Accounts Payable for $340. 3. Services were performed on account for a client for $900. Accounts Receivable was debited for $90 and Service Revenue was credited for $900. 4. A debit posting to Salaries and Wages Expense of $725 was omitted. 5. A payment on account for $206 was credited to Cash for $206 and credited to Accounts Payable for $260. 6. Payment of a $600 cash dividend to Sunland Company's stockholders was debited to Salaries and Wages Expense for $600 and credited to Cash for $600. 7. The amounts for two accounts with normal balances were listed in the wrong column. 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 on account was debited for $750, and Accounts Receivable was credited for the same amount. The actual collection was for $570. 2. The purchase of a printer on account for $340 was recorded as a debit to Supplies for $340 and a credit to Accounts Payable for $340. 3. Services were performed on account for a client for $900. Accounts Receivable was debited for $90 and Service Revenue was credited for $900. 4. A debit posting to Salaries and Wages Expense of $725 was omitted. 5. A payment on account for $206 was credited to Cash for $206 and credited to Accounts Payable for $260. 6. Payment of a $600 cash dividend to Sunland Company's stockholders was debited to Salaries and Wages Expense for $600 and credited to Cash for $600. 7. The amounts for two accounts with normal balances were listed in the wrong column. Prepare the correct trial balance. (Hint: All accounts should have normal balances.) SUNLAND COMPANY Trial Balance June 30, 2022 Debit Credit cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries and Wages Expense Utilities ExpenseStep by Step Solution
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