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The following trial balance of Rijo Inc., at the end of its first year of operations, June 30, 2015, does not balance: Each of the
The following trial balance of Rijo Inc., at the end of its first year of operations, June 30, 2015, does not balance: Each of the listed accounts has a normal balance per the general ledger. However, each account may not have been listed in the appropriate debit or credit column, or may not belong in the trial balance at all. In addition, an examination of the general journal reveals the following errors! Cash received from a customer an account was debited for $370, and Accounts Receivable was credited for the same account. The actual collection was for $730. The purchase of equipment on account for $390 was recorded as a debit to Suppliers for $390 and a credit to Accounts Payable for $390. Services were performed on account for a client for $880. Accounts Receivable was debited for $880 and Service Revenue was credited for $88. A transposition [reversal of digits] error was made when copying the balance in the Salaries Expense account. The correct balance should beta $4, 300. A payment for rent in the amount of $1, 300 was neither recorded nor posted. Prepare the correct trial balance
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