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Problem 2 The following trial balance as of 12/31/01 of Fish Fingers & Custard, LLC does not balance Cash - $5,912 A/R - $5,240 Supplies

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Problem 2 The following trial balance as of 12/31/01 of Fish Fingers \& Custard, LLC does not balance Cash - \$5,912 A/R - $5,240 Supplies - \$2,967 Equipment - \$6,100 Accounts Payable - \$7,044 Common Stock - $8,000 Retained Earnings - \$2,000 Service Revenue - $5,200 Office Expense - $4,320 An examination of the ledger shows these errors: 1) All balances were normal 2) The purchase on account of a computer costing $3,200 was recorded as a debit to Office Expense and a credit to A/P. 3) Services were performed on account for a client, $2,250, for which A/R was debited $2,250 and Service Revenue was credited \$225 4) A payment of $95 for telephone charges was entered as a debit to Office Expense and a debit to Cash. 5) The Service Revenue account was totaled at $5,200 instead of $5,280 Prepare a corrected trial balance, Income Statement and Balance Sheet for 12/31/01

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