Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following trial balance of Cheyenne Corporation does not balance. CHEYENNE CORPORATION TRIAL BALANCE JUNE 30, 2020 Debit Credit Cash $7,249 Accounts Receivable 7,530
The following trial balance of Cheyenne Corporation does not balance. CHEYENNE CORPORATION TRIAL BALANCE JUNE 30, 2020 Debit Credit Cash $7,249 Accounts Receivable 7,530 Supplies Equipment Accounts Payable 3,721 7,600 $8,880 Common Stock 14,000 Retained Earnings 3,900 Service Revenue 1,550 Office Expense 4,120 $30,220 $28,330 player/index.htmllaunchid=bo62dd14-31d8-4283-841300i er Practice stion 19 of 52 < 0.83/ ce Revenue 1,550 =Expense 4,120 $30,220 $28,330 mination of the ledger shows these errors. Cash received from a customer on account was recorded (both debit and credit) as $1,470 instead of $1,740. The purchase on account of a computer costing $3,000 was recorded as a debit to Office Expense and a credit to A Payable. Services were performed on account for a client, $1,900, for which Accounts Receivable was debited $1,900 and Se Revenue was credited $190. A payment of $60 for telephone charges was entered as a debit to Office Expense and a debit to Cash. The Service Revenue account was totaled at $5,500 instead of $5,560. s information prepare a corrected trial balance.
Step by Step Solution
★★★★★
3.49 Rating (149 Votes )
There are 3 Steps involved in it
Step: 1
Correc...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Document Format ( 2 attachments)
636047ea84926_233912.pdf
180 KBs PDF File
636047ea84926_233912.docx
120 KBs Word File
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started