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The following trial balance of Grouper Corporation does not balance. GROUPER CORPORATION TRIAL BALANCE JUNE 30, 2020 Debit Credit Cash $6,916 Accounts Receivable 7,660 Supplies
The following trial balance of Grouper Corporation does not balance. GROUPER CORPORATION TRIAL BALANCE JUNE 30, 2020 Debit Credit Cash $6,916 Accounts Receivable 7,660 Supplies 3,742 Equipment 7.300 Accounts Payable $8,440 Common Stock 11,500 Retained Earnings 2.900 4.678 Service Revenue Office Expense 4.220 $29.838 $27.518 An examination of the ledger shows these errors. 1. Cash received from a customer on account was recorded (both debit and credit) as $1,260 instead of $1,620. 2. The purchase on account of a computer costing $3.100 was recorded as a debit to Office Expense and a credit to Accounts Payable. 3. Services were performed on account for a client, $2,400, for which Accounts Receivable was debited $2,400 and Service Revenue was credited $240. 4. A payment of $80 for telephone charges was entered as a debit to Office Expense and a debit to Cash. 5. The Service Revenue account was totaled at $5,700 instead of $5,700. From this information prepare a corrected trial balance. GROUPER CORPORATION TRIAL BALANCE Debit Credit Totals
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