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Gillis Corporation noticed its trial balance did not balance. Careful examinations of the ledger show the following errors. Use the table below to show
Gillis Corporation noticed its trial balance did not balance. Careful examinations of the ledger show the following errors. Use the table below to show correcting entries if ledgers have or have not been closed. 1. Cash received from a customer on account was recorded (both debit and credit) as $1,980 instead of $1,890. 2. The purchase on account of a computer costing $3,200 was recorded as a debit $32,000 to Salary Payable and a credit $32 to Interest Revenue. 3. Services were performed on account for a client, $2,250, for which Accounts Payable was debited $2,250 and Service Revenue was credited $225. 4. A payment of $95 for telephone charges was entered as a debit to Supply Expense and a debit to Cash. 5. The Service Revenue account was wrongly calculated and as $5,820, which should be $5,280 instead. If ledgers have not been closed If ledgers have been closed 1 2 3 12345
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