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Prepare a correct trial balance Instructions Prepare a correct trial balance. E3-3 (Corrected Trial Balance) The trial balance of Blues Traveler Corporation does not balance.
Prepare a correct trial balance
Instructions Prepare a correct trial balance. E3-3 (Corrected Trial Balance) The trial balance of Blues Traveler Corporation does not balance. Blues Traveler Corporation Trial Balance April 30, 2008 Debit Credit Cash 5,912 Accounts Receivable 5,240 Supplies on Hand 2,967 Furniture and Equipment 6,100 Accounts Payable 7,044 Common Stock 8,000 Retained Earnings 2,000 Service Revenue 5,200 Office Expense 4,320 $24,539 $22,244 An examination of the ledger shows these errors. 1. Cash received from a customer on account was recorded (both debit and credit) as $1.380 instead of $1,830. 2. The purchase on account of a computer costing $3,200 was recorded as a debit to office Expense and a credit to Accounts Payable. 3. Services were performed on account for a client, $2,250, for which Accounts Receivable was debited $2.250 and Service Revenue was credited $225 Step by Step Solution
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