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The trial balance of Kelita Karmel Co. shown below is out of balance. KELITA KARMEL CO Trial Balance August 31, 19XX Cash $ 2,500 Accounts
The trial balance of Kelita Karmel Co. shown below is out of balance. KELITA KARMEL CO Trial Balance August 31, 19XX Cash $ 2,500 Accounts Receivable 3,000 Office Supplies 3,500 Office Equipment 2,800 Accounts Payable $ 2,903 Kelita, Capital 10,000 Service fees earned 2,420 Wages Expense 5,222 Totals $17,022 $15,323 An examination of the companys records revealed the following additional information: 1.A $360 collection of an account receivable was recorded as $630. 2.A computer purchased on credit for use in the office was recorded with a debit to Office Supplies and a credit to Accounts Payable for $2,500. 3.Services sold on credit for $900 were recorded with a debit to Accounts Receivable for $900 and a credit to Service Fees Earned for $90. 4.A payment of wages was recorded with a debit to Wage Expense for $200 and a debit to Cash for $200. 5.Recalculating the Service Fees Earned account balance before any corrections had been made revealed that the balance should be $2,520. 6.An additional investment of $1,000 made by Kelita during the month was not entered in the capital account (the entry to Cash was made). 7.A $310 payment of an account payable was recorded with a credit to Cash for $310 and a credit to Accounts Payable for $301. Prepare a corrected trial balance on the Trial Balance form in document sharing
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