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The following trial balance of Sergei Asbrecht does not balance. SERGEI A SBRECHT CO. Trial Balance June 30, 2020 Debit Credit $3,140 $2,812 $1,200 $2,600
The following trial balance of Sergei Asbrecht does not balance. SERGEI A SBRECHT CO. Trial Balance June 30, 2020 Debit Credit $3,140 $2,812 $1,200 $2,600 $3,666 Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Utilities Expense $1,100 $8,000 $800 $2,480 $3,200 $810 $12.522 $17.286 Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors. 1. Cash received from a customer in payment of its account was debited for $850, and Accounts Receivable was credited for the same account. The actual collection was for $580. 2. The purchase of a computer on account for $710 was recorded as a debit to Supplies for $710 and a credit to Accounts Payable for $710. 3. Services were performed on account for a client for $980. Accounts Receivable was debited for $980, and Service Revenue was credited for $98. 4. A debit posting to Salaries and Wages Expense of $900 was omitted. 5. A payment of a balance due for $306 was credited to Cash for $306 and credited to Accounts Payable for $360. 6. The withdrawal of $600 cash for Asbrecht's personal use was debited to Salaries and Wages Expense for $600 and credited to Cash for $600. Instructions: Prepare a corrected trial balance. (Hint: It helps to prepare the correct journal entry for the transactions described and compare it to the mistake made.) NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?" SERGEI ASBRECHT CO. Trial Balance June 30, 2017 Credit Debit Value Value Value Value Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Utilities Expense Value Value Value Value Value Value Value ? ? After you have completed the requirements of P2-4A, consider this additional question. 1. Sergei Asbrecht Co. determined that the trial balance was missing the cash receipts for services provided for the month The cash receipts totaled $2,640. What would be the new adjusted trial balance for Sergei Asbrecht
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