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The shown trial balance does not balance. prepare a correct trial balance. Trial Balance June 30, 2017 Debit Credit $1,990 $3,151 1,300 5,300 Accounts Receivable.

The shown trial balance does not balance. prepare a correct trial balance. image text in transcribed

Trial Balance June 30, 2017 Debit Credit $1,990 $3,151 1,300 5,300 Accounts Receivable. Accounts Payable $ 2,566 1,200 Uneamed Service Revenue. Common Stock.. Dividends 5,000 575 Retained Earnings.. 3,000 2,380 Salaries and Wages Expense. Office Expens. 3,410 ..840 $15,776 $14,936 Each of the listed accounts should have a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors. 1. Cash received from a customer on account was debited for $500, and Accounts Receivable was credited for the same amount. The actual collection was for $600. 2. The purchase of a computer printer on account was for $1,000 was recorded as a debit to Supplies for $1,000 and a credit to Accounts Payable for $1,000 3. Services were performed on account for a client for $890. Accounts Receivable was debited for $890 and Service Revenue was credited for $89. 4. A payment of $85 for telephone charges was recorded as a debit to Office Expense for $85 and a debit to Cash for $85. 5. When the Unearned Service Revenue account was reviewed, it was found that service revenue amounting to $325 was performed prior to June 30 (related to Unearned Service Revenue 6. A debit posting to Salaries and Wages Expense of $760 was omitted. 7. A payment on account for $206 was credited to Cash for $206 and credit to Accounts Payable for $260 8. A dividend was debited to Salaries and Wages Expense for $675 and credited to Cash for $675. Trial Balance June 30, 2017 Debit Credit $1,990 $3,151 1,300 5,300 Accounts Receivable. Accounts Payable $ 2,566 1,200 Uneamed Service Revenue. Common Stock.. Dividends 5,000 575 Retained Earnings.. 3,000 2,380 Salaries and Wages Expense. Office Expens. 3,410 ..840 $15,776 $14,936 Each of the listed accounts should have a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors. 1. Cash received from a customer on account was debited for $500, and Accounts Receivable was credited for the same amount. The actual collection was for $600. 2. The purchase of a computer printer on account was for $1,000 was recorded as a debit to Supplies for $1,000 and a credit to Accounts Payable for $1,000 3. Services were performed on account for a client for $890. Accounts Receivable was debited for $890 and Service Revenue was credited for $89. 4. A payment of $85 for telephone charges was recorded as a debit to Office Expense for $85 and a debit to Cash for $85. 5. When the Unearned Service Revenue account was reviewed, it was found that service revenue amounting to $325 was performed prior to June 30 (related to Unearned Service Revenue 6. A debit posting to Salaries and Wages Expense of $760 was omitted. 7. A payment on account for $206 was credited to Cash for $206 and credit to Accounts Payable for $260 8. A dividend was debited to Salaries and Wages Expense for $675 and credited to Cash for $675

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