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The following trial balance of Wildhorse Traveler Corporation does not balance. 1. Cash received from a customer on account was recorded (both debit and credit)
The following trial balance of Wildhorse Traveler Corporation does not balance. 1. Cash received from a customer on account was recorded (both debit and credit) as $1,390 instead of $1,930. 2. The purchase on account of a computer costing $3,014 was recorded as a debit to Office Expense and a credit to Accounts Payable. 3. Services were performed on account for a client, \$2,620, for which Accounts Receivable was debited $2,620 and Service Revenue was credited \$262. 4. A payment of $465 for telephone charges was entered as a debit to Office Expense and a debit to Cash. 5. The Service Revenue account was totaled at $5,600 instead of $5,680
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