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This trial balance of Ivanhoe Company does not balance. This trial balance of Ivanhoe Company does not balance. Each of the listed accounts has a

This trial balance of Ivanhoe Company does not balance. This trial balance of Ivanhoe Company does not balance.
Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the following
errors:
Cash received from a customer on account was debited for $750, and Accounts Receivable was credited for the same amount.
The actual collection was for $705.
The purchase of a printer on account for $340 was recorded as a debit to Supplies for $340 and a credit to Accounts Payable
for $340. Debit
Supplies
Equipment
Accounts Payable
Unearned Service Revenue
Common Stock
Dividends
Service Revenue
Salaries and Wages Expense
1
$
Credit
$|
$
5040
$
Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the following
errors:
Cash received from a customer on account was debited for $750, and Accounts Receivable was credited for the same amount.
The actual collection was for $705.
The purchase of a printer on account for $340 was recorded as a debit to Supplies for $340 and a credit to Accounts Payable
for $340.
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