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Q3 (B marks) The trial balance of Syed Moiz Co shown below does not balance SYED MOIZ CO. Trial Balance June 30, 2019 Debit Credit
Q3 (B marks) The trial balance of Syed Moiz Co shown below does not balance SYED MOIZ CO. Trial Balance June 30, 2019 Debit Credit Cash $6,340 Accounts Receivable $ 2,731 Supplies 1,200 Equipment 2600 Accounts Payable 4720 Accumulated of dep 200 Unearned Revenue 2,100 S. Moiz, Capital 8,300 S. Moiz, Drawing 1.800 Good Will 5,000 Mortgage notes payable (3000s within one year) 7,000 Service Revenue 2,781 Prepaid insurance 500 Salaries Expense 3,900 Office Expense 1,030 $22,561 $27.641 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 in payment of its account was debited for $480, and Accounts Receivable was credited for the same amount. The actual collection was for $840. 2. The purchase of a computer on account for $620 was recorded as a debit to Supplies for $620 and a credit to Accounts Payable for $620. 3. The withdrawal of $600 cash for Molz's personal use was debited to Salaries Expense for $60 and credited to Cash for $60. Instructions a) Prepare a correct trial balance
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