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Prepare a corrected trail balance: The following trial balance ofCoronadoCo. does not balance. CORONADOCO. TRIAL BALANCE JUNE 30, 2020 Debit Credit Cash . $3,147 Accounts

Prepare a corrected trail balance:

The following trial balance ofCoronadoCo. does not balance.

CORONADOCO.

TRIAL BALANCE

JUNE 30, 2020

Debit Credit

Cash . $3,147

Accounts Receivable $2,964

Supplies 1,077

Equipment 4,077

Accounts Payable 2,943

Unearned Service Revenue 1,477

Common Stock 6,277

Retained Earnings 3,277

Service Revenue 2,657

Salaries and Wages Expense 3,677

Office Expense 1,217

Totals $14,489 $18,301

Each of the listed accounts should have 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 $570, and Accounts Receivable was credited for the same amount. The actual collection was for $750.

2.The purchase of a computer printer on account for $777was recorded as a debit to Supplies for $777and a credit to Accounts Payable for $777.

3.Services were performed on account for a client for $890. Accounts Receivable was debited for $890and Service Revenue was credited for $89.

4.A payment of $70for telephone charges was recorded as a debit to Office Expense for $70and a debit to Cash for $70.

5.When the Unearned Service Revenue account was reviewed, it was found that service revenue amounting to $602was performed prior to June 30 (related to Unearned Service Revenue).

6.A debit posting to Salaries and Wages Expense of $947was omitted.

7.A payment on account for $206was credited to Cash for $206and credited to Accounts Payable for $260.

8.A dividend of $852was debited to Salaries and Wages Expense for $852and credited to Cash for $852.

Prepare a correct trial balance.

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