P3.7 Prepare a correct trial balance. This trial balance of Washburn Co. does not balance. WASHBURN CO. Trial Balance June 30, 2025 Debit Credit Cash $ 2,576 Accounts Receivable $ 3,290 Supplies 700 Equipment 4,000 Accounts Payable 4,686 Unearned Service Revenue 2,300 Common Stock 7,000 Dividends 800 Service Revenue 2,356 Salaries and Wages Expense 2,500 Utilities Expense 780 $ 14,370 $ 16,618 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 on account was debited for $680, and Accounts Receivable was credited for the same amount. The actual collection was for $860. 680 860 2. The purchase of a printer on account for $646 was recorded as a debit to Supplies for $646 and a credit to Accounts Payable for $646. 646 3. Services were performed on account for a client for $700. Accounts Receivable was debited for $70 and Service Revenue was credited for $700. 700 70 4. A debit posting to Salaries and Wages Expense of $800 was omitted. 800 4. A debit posting to Salaries and Wages Expense of $800 was omitted. 5. A payment on account for $106 was credited to Cash for $106 and credited to Accounts Payable for $160. 6. Payment of a $500 cash dividend to Washburn's stockholders was debited to Salaries and Wages Expense for $500 and credited to Cash for $500. Instructions Prepare the correct trial balance. (Hint: All accounts have normal balances.) NOTE: Enter a formula, a cell reference, or a value (if you are unable to reference a cell), into the yellow shaded input cells. 800 106 160 500 Cash Accounts Receivable Supplies Equipment WASHBURN CO. Trial Balance June 30, 2025 Debit $2,756 Credit 4,100 54 4,646 Accounts Payable Unearned Service Revenue $4,740 2,300 Common Stock 7,000 Dividends 500 Service Revenue 2,356 Salaries and Wages Expense 2,800 Utilities Expense 780 $15,636 $16,396