Question
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:
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All balances were normal
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The purchase on account of a computer costing $4000 was recorded as a debit to Office Expense and a credit to A/P.
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Services were performed on account for a client, $2000, for which A/R was debited $2000 and Service Revenue was credited $125
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A payment of $105 for telephone charges was entered as a debit to Office Expense and a debit to Cash.
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The Service Revenue account was totaled at $600 instead of $700
Prepare a corrected trial balance for 10/31/20.
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