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The following trial balance of Flounder Traveler Corporation does not balance. FLOUNDER TRAVELER CORPORATION TRIAL BALANCE APRIL 30, 2017 Credit Debit $7,014 Cash Accounts Receivable
The following trial balance of Flounder Traveler Corporation does not balance. FLOUNDER TRAVELER CORPORATION TRIAL BALANCE APRIL 30, 2017 Credit Debit $7,014 Cash Accounts Receivable 5,620 3,347 Supplies Equipment 6,480 Accounts Payable $7,424 Common Stock 8,380 Retained Earnings 2,380 Service Revenue 5,580 Office Expense 4,700 $23,764 $27,161 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 $3,445 was recorded as a debit to Office Expense and a credit to Accounts Payable. 3. Services were performed on account for a client, $2,630, for which Accounts Receivable was debited $2,630 and Service Revenue was credited $263 4. A payment of $475 for telephone charges was entered as a debit to Office Expense and a debit to Cash 5. The Service Revenue account was totaled at $5,580 instead of $5,660 FLOUNDER TRAVELER CORPORATION TRIAL BALANCE APRIL 30, 2017 Debit Credit 1830 cash Accounts Receivable Office Expense Accounts Payable Supplies Service Revenue Retained Earnings Common Stock Equipment Totals
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