p2-4a, Prepare a correct trial balance.

The trial balance of Avtar Samdhu Co. shown below does not balance.

1 1 c. === IM v * Merge & Center > $ % Clipboard Font 2 Alignment 5 Number 55 Value H B C D E F P2-4A, Prepare a correct trial balance The trial balance of Avtar Sandhu Co shown below does not balance, AVTAR SANDHU Trial Balance June 30, 2017 9 Debit Credit Cash $3,340 Accounts Receivable $2,812 Supplies $1,200 Equipment $2,600 Accounts Payable $3,666 Uneared Service Revenue $1,100 Owner's Capital $8,000 Owner's Drawings $800 Service Revenue $2,480 Salaries and Wages Expense $3,200 2 Utilities Expense $810 3 $12,522 $17,486 4 5 Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger P2.4A 9 Type here to search Pasto LD BIU ilil IMI **Merge & Center $ -% 9 68-9 Conditional For Formatting Ta Style Clipboard Font Alignment Number 455 A Value D E 28 30 32 4 5 Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger 6 and journal reveals the following errors. 7 1. Cash received from a customer in payment of its account was debited for $580, and Accounts Receivable was credited for the same account. The actual collection was for $850. 9 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. 31 3. Services were performed on account for a client for $980. Accounts Receivable was debited for $980, and Service Revenue was credited for $98. 33 4. A debit posting to Salaries and Wages Expense of $700 was omitted, 34 5. A payment of a balance due for $306 was credited to Cash for $306 and credited to Accounts Payable for $360 36 6. The withdrawal of $600 cash for Sandhu's personal use was debited to Salaries and Wages Expense for $600 and credited to Cash for $600 39 Instructions: 40 Prepare a corrected trial balance. (Hint: it helps to prepare the correct journal entry for the transactions 41 described and compare it to the mistake made.) 42 NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". 35 37 38 43 44 45 AVTAR SANDHU CO. P2-4A