The trial balance of P. Heavy Record Company shown below does not balance.

P. HEAVY RECORD COMPANY

Trial Balance

June 30, 2021

Debit Credit

Cash .................................................................................................... $ 2,600

Accounts receivable............................................................................. 7,600

Supplies............................................................................................... 600

Equipment............................................................................................ 8,300

Accounts payable................................................................................. $ 9,766

P. Heavy, capital .................................................................................. 1,941

P. Heavy, drawings .............................................................................. 1,500

Service revenue................................................................................... 15,200

Wages expense ................................................................................... 3,800

Repair expense.................................................................................... 1,600

Totals .......................................................................................... $26,000 $26,907

An examination of the ledger and journal reveals the following errors:

i. Each of the above listed accounts has a normal balance per the general ledger.

ii. Cash of $350 received from a customer on account was debited to Cash $530 and credited to Accounts Receivable $530.

iii. A withdrawal of $300 by the owner was posted as a credit to P. Heavy, Drawings, $300 and credit to Cash $300.

iv. A debit of $300 was not posted to Wages Expense.

v. The purchase of equipment on account for $700 was recorded as a debit to Repair Expense and a credit to Accounts Payable for $700.

vi. Services were performed on account for a customer, $510, for which Accounts Receivable was debited $510 and Service Revenue was credited $51.

vii. A payment on account for $215 was credited to Cash for $215 and credited to Accounts Payable for $251.

Instructions

Provide a correct trial balance. (show your calculation for each transaction)