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This trial balance of Wildhorse Co. does not balance. Each of the listed accounts has a normal balance per the general ledger. An examination of
This trial balance of Wildhorse Co. 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: 1. 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 $570. 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. 3. Services were performed on account for a client for $900. Accounts Receivable was debited for $90 and Service Revenue was credited for $900. 4. A debit posting to Salaries and Wages Expense of $765 was omitted: 5. A payment on account for $206 was credited to Cash for $206 and credited to Accounts Payable for $260. 6. Payment of a $700 cash dividend to Wildhorse Co's stochtolder5 was debited to Salaries and Wages Expense for $700 and credited to Cash for $700. 7. The amounts for two accounts with normal balances were listed in the wrong column. WILDHORSECO. Trial Balance June 30,2022 Debit Credit Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries and Wages Expense Utilities Expense Accounts Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries and Wages Expense Utilities Expense
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