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The following trial balance as of 10/31/20 of Goddard Inc does not balance Cash - $2000 Account Receivable - $2500 Supplies - $1000 Equipment -

The following trial balance as of 10/31/20 of Goddard Inc does not balance

Cash - $2000

Account Receivable - $2500

Supplies - $1000

Equipment - $700

Accounts Payable - $900

Common Stock - $10,000

Retained Earnings - $1,000

Service Revenue - $600

Office Expense - $3000

An examination of the ledger shows these errors:

  • All balances were normal

  • The purchase on account of a computer costing $4000 was recorded as a debit to Office Expense and a credit to A/P.

  • Services were performed on account for a client, $2000, for which A/R was debited $2000 and Service Revenue was credited $125

  • A payment of $105 for telephone charges was entered as a debit to Office Expense and a debit to Cash.

  • The Service Revenue account was totaled at $600 instead of $700

Prepare a corrected trial balance for 10/31/20.

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