Exercise 3-04 The following trial balance of Vaughn Co. does not balance. Credit $3,195 VAUGHN CO. TRIAL BALANCE JUNE 30, 2020 Debit Cash Accounts Receivable $2,946 Supplies 1,125 Equipment 4,125 Accounts Payable Unearned Service Revenue 1,525 Common Stock Retained Earnings Service Revenue Salaries and Wages Expense 3,725 Office Expense 1,265 Totals $14,711 2,991 6,325 3,325 2,705 $18,541 Each of the listed accounts should have 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 $570, and Accounts Receivable was credited for the same amount. The actual collection was for $750. 2. The purchase of a computer printer on account for $825 was recorded as a debit to Supplies for $825 and a credit to Accounts Payable for $825. 3. Services were performed on account for a client for $890. Accounts Receivable was debited for $890 and Service Revenue was credited for $89. 4. A payment of $85 for telephone charges was recorded as a debit to Office Expense for $85 and a debit to Cash for $85. 5. When the Unearned Service Revenue account was reviewed, it was found that service revenue amounting to $650 was performed prior to June 30 (related to Unearned Service Revenue). 6. A debit posting to Salaries and Wages Expense of $995 was omitted. 7. A payment on account for $206 was credited to Cash for $206 and credited to Accounts Payable for $260. 8. A dividend of $900 was debited to Salaries and Wages Expense for $900 and credited to Cash for $900. Prepare a correct trial balance. VAUGHN CO. Trial Balance June 30, 2020 Debit Credit Cash $ Accounts Receivable Supplies Equipment Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Office Expense Telephone and Internet Exp Totals