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An examination of the ledger shows these errors. 1. Cash received from a customer on account was recorded (both debit and credit) as $1,570 instead
An examination of the ledger shows these errors.
1. Cash received from a customer on account was recorded (both debit and credit) as $1,570 instead of $1,750.
2. The purchase on account of a computer costing $3,080 was recorded as a debit to Office Expense and a credit to Accounts Payable.
3. Services were performed on account for a client, $2,610, for which Accounts Receivable was debited $2,610 and Service Revenue was credited $261.
4. A payment of $455 for telephone charges was entered as a debit to Office Expense and a debit to Cash.
5. The Service Revenue account was totaled at $5,600 instead of $5,680. From this information prepare a corrected trial balance. 2
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