Question
The following trial balance of SADA Corporation does not balance. Scarlatti Corporation Trial Balance April 30, 2019 Debit Credit Cash $5,912 Accounts Receivable 5,240 Supplies
The following trial balance of SADA Corporation does not balance.
Scarlatti Corporation Trial Balance April 30, 2019 | ||
Debit | Credit | |
Cash | $5,912 | |
Accounts Receivable | 5,240 | |
Supplies | 2,967 | |
Equipment | 6,100 | |
Accounts Payable | $7,044 | |
Share CapitalOrdinary | 8,000 | |
Retained Earnings | 2,000 | |
Service Revenue | 5,200 | |
Office Expense | 4,320 | |
$24,539 | $22,244 |
An examination of the ledger shows these errors.
1. Cash received from a customer on account was recorded (both debit and credit) as $1,580 instead of $1,850.
2. The purchase on account of a computer costing $1,900 was recorded as a debit to Office Expense and a credit to Accounts Payable.
3. Services were performed on account for a client, $2,250, for which Accounts Receivable was debited $2,250 and Service Revenue was credited $225.
4. A payment of $95 for telephone charges was entered as a debit to Office Expense and a debit to Cash.
5. The Service Revenue account was totaled at $5,200 instead of $5,280.
Instructions
From this information prepare a corrected trial balance.
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