Question
The following trial balance of Blossom Traveler Corporation does not balance. BLOSSOMTRAVELER CORPORATION TRIAL BALANCE APRIL 30, 2017 Debit Credit Cash debit $6,521 Accounts Receivable
The following trial balance of Blossom Traveler Corporation does not balance.
BLOSSOM TRAVELER CORPORATION
TRIAL BALANCE
APRIL 30, 2017
Debit
Credit
Cash
debit $6,521
Accounts Receivable
debit 5,450
Supplies
debit 3,177
Equipment
debit 6,310
Accounts Payable
credit $7,254
Common Stock
credit 8,210
Retained Earnings
credit 2,210
Service Revenue
credit 5,410
Office Expense
debit 4,530
total debit $25,988
total credit $23,084
An examination of the ledger shows these errors.
1.
Cash received from a customer on account was recorded (both debit and credit) as $1,380 instead of $1,830.
2.
The purchase on account of a computer costing $3,088 was recorded as a debit to Office Expense and a credit to Accounts Payable.
3.
Services were performed on account for a client, $2,460, for which Accounts Receivable was debited $2,460 and Service Revenue was credited $246.
4.
A payment of $305 for telephone charges was entered as a debit to Office Expense and a debit to Cash.
5.
The Service Revenue account was totaled at $5,410 instead of $5,490.
From this information prepare a corrected trial balance.
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