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From this information prepare a corrected trial balance. The following trial balance of Ayayai Traveler Corporation does not balance. Ayayai Traveler Corporation Trial Balance April
From this information prepare a corrected trial balance.
The following trial balance of Ayayai Traveler Corporation does not balance. Ayayai Traveler Corporation Trial Balance April 30, 2020 Debit Credit Cash $6,112 Accounts Receivable 5,340 Supplies 3,067 Equipment 6,200 Accounts Payable $7,144 Common Stock 8,100 Retained Earnings 2,100 Service Revenue 5,300 Office Expense 4,420 $25,139 $22,644 An examination of the ledger shows these errors. 1. Cash received from a customer on account was recorded (both debit and credit) as $1,680 instead of $1,950. 2. The purchase on account of a computer costing $3,203 was recorded as a debit to Office Expense and a credit to Accounts Payable. 3. Services were performed on account for a client, $2,350, for which Accounts Receivable was debited $2,350 and Service Revenue was credited $325. 4. A payment of $195 for telephone charges was entered as a debit to Office Expense and a debit to Cash. 5. The Service Revenue account was totaled at $5,300 instead of $5,380Step by Step Solution
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