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The following trial balance of Nash Traveler Corporation does not balance. An examination of the ledger shows these errors. An examination of the ledger shows
The following trial balance of Nash Traveler Corporation does not balance. An examination of the ledger shows these errors. An examination of the ledger shows these errors. 1. Cash received from a customer on account was recorded (both debit and credit) as $1,280 instead of $1,820. 2. The purchase on account of a computer costing $3,203 was recorded as a debit to Office Expense and a credit to Accounts Payable. 3. Services were performed on account for a client, $2,350, for which Accounts Receivable was debited $2,350 and Service Revenue was credited \$235. 4. A payment of $195 for telephone charges was entered as a debit to Office Expense and a debit to Cash. 5. The Service Revenue account was totaled at $5,300 instead of $,380. From this information prepare a corrected trial balance. NASH TRAVELER CORPORATION Trial Balance Debit Credit $ 5 Totals $
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