The trial balance of Thom Wargo Corp. shown below 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 \(\$ 570\) and Accounts Receivable was credited for the same amount. The actual collection was for \(\$ 750\).
2. The purchase of a typewriter 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 \(\$ 890\). Accounts Receivable was debited for \(\$ 890\) and Fees Earned was credited for \(\$ 89\).
4. A debit posting to Salaries Expense of \(\$ 600\) was omitted.
5. A payment on account for \(\$ 206\) was credited to Cash for \(\$ 206\) and credited to Accounts Payable for \(\$ 260\).
6. The dividend of \(\$ 400\) cash to stockholders' was debited to Salaries Expense for \(\$ 400\) and credited to Cash for \(\$ 400\).
\section*{Instructions}
Prepare a correct trial balance.

Transcribed Image Text:

THOM WARGO CORP. Trial Balance June 30, 1996 Debit Credit Cash $ 2,840 Accounts Receivable $ 3,231 Supplies 800 Equipment 3,000 Accounts Payable 2,666 Unearned Fees 1,200 Common Stock 9,000 Dividends 800 Fees Earned 2,380 Salaries Expense 3,400 Office Expense 910 $13,341 $16,886