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Instructions a. Prepare journal entries to record each of the events listed. (Omit explanations.) b. Post the journal entries to T-accounts. c. Prepare a trial

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Instructions a. Prepare journal entries to record each of the events listed. (Omit explanations.) b. Post the journal entries to T-accounts. c. Prepare a trial balance as of May 31, 2025 . P2.4 (LO 4) The trial balance of De Bortoli Co. shown below does not balance. Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals 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 collection was for $850. 2. The purchase of a computer 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 and Wages Expense of $700 was omitted. 5. A payment of a balance due for $306 was credited to Cash for $306 and credited to Accounts Payable for $360. 6. A dividend of $600 cash was debited to Salaries and Wages Expense for $600 and credited to Cash for $600. Instructions a. Prepare journal entries to record each of the events listed. (Omit explanations.) b. Post the journal entries to T-accounts. c. Prepare a trial balance as of May 31, 2025 . P2.4 (LO 4) The trial balance of De Bortoli Co. shown below does not balance. Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals 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 collection was for $850. 2. The purchase of a computer 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 and Wages Expense of $700 was omitted. 5. A payment of a balance due for $306 was credited to Cash for $306 and credited to Accounts Payable for $360. 6. A dividend of $600 cash was debited to Salaries and Wages Expense for $600 and credited to Cash for $600

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