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The trial balance of Winter Co. does not balance: WINTER CO. Trial Balance June 30, 2021 Debit Credit Cash $ 2.835 Accounts receivable 1.861 Supplies
The trial balance of Winter Co. does not balance: WINTER CO. Trial Balance June 30, 2021 Debit Credit Cash $ 2.835 Accounts receivable 1.861 Supplies 500 Equipment $7.900 Accounts payable 12.695 Unearned revenue 1.855 F. Winter, capital 11 201 F. Winter drawings 800 Service revenue 3.460 F. Winter, capital 11,231 F. Winter, drawings 800 Service revenue 3.460 Office expense 1,010 Salaries expense 3.000 $ 11,861 $ 25,286 Your review of the ledger reveals that each account has a normal balance. You also discover the following errors: 1. Cash received from a customer on account was debited to Cash for $750 and Accounts Receivable was credited for the same amount. The actual collection was $ 570. 2. The purchase of supplies on account for $ 360 was recorded as a debit to Equipment for $ 360 and a credit to Accounts Payable for $ 360. 3. Services of $ 980 were performed on account for a client. Accounts Receivable was debited for $98 and Service Revenue was credited for 5 980. Services Ond you were periormeu UiTacCOUILTON a Chell. ACCOUNTS Receivable was ueureu Torp Yo au service revenue was credited for $980. 4. A debit posting to Office Expense of $ 500 was not done. 5. A payment on account for $ 806 was credited to Cash for $ 806 and debited to Accounts Payable for $608. 6. The withdrawal of $ 400 cash for Winter's personal use was debited to Salaries Expense for $ 400 and credited to Cash for $ 400. 7. A transposition error (reversal of digits) was made when copying the balance in Service Revenue to the trial balance. The correct balance recorded in the account was $4.360. 8 . The general ledger contained a Prepaid Insurance account with a debit balance of $ 655. Prepare a correct trial balance. WINTER CO. Trial Balance Debit Credit 09 WINTER CO. Trial Balance Debit Credit $ $
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