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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.
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 $780, and Accounts Receivable was credited for the same amount. The actual collection was for $870. 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 $700 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 Washburn'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. Instructions Prepare the correct trial balance. (Hint: All accounts should have normal balances. Your first step, therefore, should be to move all amounts to the column of their normal balar Tot. trial balance $16,900 Fournalize transactions post. and brebare a trial balance
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