Exercise 3-3

The trial balance of Blues Traveler Corporation does not balance.

BLUES TRAVELER CORPORATION TRIAL BALANCE APRIL 30, 2014
Debit	Credit
Cash	$6,614
Accounts Receivable	5,591
Supplies	3,318
Equipment	6,451
Accounts Payable	$7,395
Common Stock	8,351
Retained Earnings	2,351
Service Revenue	5,551
Office Expense	4,671
$26,645	$23,648

An examination of the ledger shows these errors.

1.	Cash received from a customer on account was recorded (both debit and credit) as $1,731 instead of $2,181.
2.	The purchase on account of a computer costing $2,161 was recorded as a debit to Office Expense and a credit to Accounts Payable.
3.	Services were performed on account for a client, $2,601, for which Accounts Receivable was debited $2,601 and Service Revenue was credited $576.
4.	A payment of $446 for telephone charges was entered as a debit to Office Expense and a debit to Cash.
5.	The Service Revenue account was totaled at $5,551 instead of $5,631.

From this information, prepare a corrected trial balance.

Blues Traveler Corporation Trial Balance (Corrected) April 30, 2014
Debit	Credit
	$	$
Totals	$	$

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