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This trial balance of Washburn Co. does not balance. WASHBURN CO. Trial Balance June 30, 2017 Debit Credit Cash $3,090 Accounts Receivable $3,190 Supplies 800

This trial balance of Washburn Co. does not balance.

WASHBURN CO. Trial Balance June 30, 2017
Debit Credit
Cash $3,090
Accounts Receivable

$3,190

Supplies

800

Equipment

3,000

Accounts Payable 3,686
Unearned Service Revenue

1,200

Common Stock 9,000
Dividends 800
Service Revenue 3,480
Salaries and Wages Expense

3,600

Utilities Expense

910

Total

$13,500

$19,256

Each of the listed accounts has 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 $760, and Accounts Receivable was credited for the same amount. The actual collection was for $706. (My thoughts was to Dr. Cash 760 and Cr. Accounts Receivables 760)
2. 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. (My thoughts was to Dr. Supplies and Equipment 340 and Cr. Accounts Payable 340.)
3. Services were performed on account for a client for $900. Accounts Receivable was debited for $90 and Service Revenue was credited for $900. (My thoughts was to Cr. Service Revenue 900 and Dr. Accounts Receivable 90.)
4. A debit posting to Salaries and Wages Expense of $700 was omitted. (My thoughts was to Dr. Salaries and Wages Exp.700.)
5. A payment on account for $206 was credited to Cash for $206 and credited to Accounts Payable for $260. (My thoughts was to Dr. Accounts payable 466.)
6. Payment of a $600 cash dividend to Washburn Co.'s stockholders was debited to Salaries and Wages Expense for $600 and credited to Cash for $600. (My thoughts are to Dr. Dividends, Salaries and Wages Exp. 600 and Cr. Cash 600. I understand that I have that correct.)

I'm having a hard time correcting this Trial Balance. I can see Unearned Service Rev. and Utilities Exp. doesn't change, but these previous numbers are confusing me along with the corrections. Are my thoughts before Step 6 on the right track?

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