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Question 6 of 6 The following trial balance of Swifty Sandhu Co. does not balance. Swifty Sandhu Co. Trial Balance June 30, 2022 Debit Credit
Question 6 of 6 The following trial balance of Swifty Sandhu Co. does not balance. Swifty Sandhu Co. Trial Balance June 30, 2022 Debit Credit Cash $ 3,475 Accounts Receivable $ 2,865 W Supplies 1,170 Equipment 2,700 Notes Payable 1,140 Accounts Payable 3,565 Owner's Capital 8,262 Owner's Drawings 885 Service Revenue 2,610 Salaries and Wages Expense 3,150 Utilities Expense 845 I rk Assignment Question 6 of 6 Notes Payable 1,140 Accounts Payable 3,565 Owner's Capital 8,262 Owner's Drawings 885 Service Revenue 2,610 Salaries and Wages Expense 3,150 Utilities Expense 845 W $ 12,755 $ 17,912 Each of the listed accounts has a normal balance per the general ledger. An exa errors. 1. Cash received from a customer in payment of its account was debited f same amount. The actual collection was for $850. 2. The purchase of a computer on account for $735 was recorded as a det Payable for $735. 3. Services were performed on account for a client for $ 990. Accounts Re was credited for $ 99, Question 6 of 6 -14 $12,755 $17,912 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 $580, and Accounts Receivable was credited for the same amount. The actual collection was for $850. 2. The purchase of a computer on account for $735 was recorded as a debit to Supplies for $735 and a credit to Accounts Payable for $735. 3. Services were performed on account for a client for $990. Accounts Receivable was debited for $ 990, and Service Revenue was credited for $99. 4. A debit posting to Salaries and Wages Expense of $ 690 was omitted. 5. A payment of a balance due for $308 was credited to Cash for $ 308 and credited to Accounts Payable for $380. 6. The withdrawal of $ 535 cash for Sandhu's personal use was debited to Salaries and Wages Expense for $535 and credited to Cash for $535. Prepare a correct trial balance. (Hint: It helps to prepare the correct journal entry for the transaction described and compare it to the mistake made.) SWIFTY SANDHU CO. We transaction described and compare it to the SWIFTY SANDHU CO. Trial Balance Debit Credit $ Totals e Textbook and Media List of Accounts Submit Answe Attempts: 0 of 2 used
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