Error Correction, Problem $2$

Acct $2220$

Here is a trial balance for The Tigger Company that does not balance!

The Tigger Company

Trial Balance

December $31,2023$

Debit Credit

Cash $ $4,840$

Accounts Receivable $ $2,812$

Supplies $1,200$

Computer Equipment $2,600$

Notes Payable $1,100$

Owner$$s Drawing $800$

Accounts Payable $3,666$

Owner$$s Capital $9,500$

Service Revenue $2,480$

Salaries Expense $3,200$

Utilities Expense $810\_\_\_\_\_\_$

$$12,522$ $$20,486$

Each of the accounts listed above has a normal balance per the general ledger! The amounts were just incorrectly reported on this trial balance.

Also, an examination of the general ledger and journals revealed the following errors:

$1.$ Cash received from a customer in payment of its account was debited for $$580,$ and Accounts Receivable was credited for the same amount. The actual amount collected was $$850.$

$2.$ The purchase of computer equipment on account for $$710$ was recorded as a debit to Supplies for $$710$ and a credit to Accounts Payable for $$710.$

$3.$ Services were performed on account for a client for $$980.$ Accounts Receivable was debited for $$980,$ and Service Revenue was credited for $$98.$

$4.$ A debit posting to Salaries Expense of $$700$ was omitted.

$5.$ A payment of a balance due of $$306$ was credited to Cash for $$306$ and credited to Accounts Payable for $$360.$

$6.$ The withdrawal of $$600$ cash for Tigger$$s personal use was debited to Salaries Expense for $$600$ and credited to Cash for $$600.$

Instructions:

Prepare a corrected trial balance in proper form.