The following trial balance of Scarlatti Corporation does not balance. An examination of the ledger shows these
Question:
The following trial balance of Scarlatti Corporation does not balance.
An examination of the ledger shows these errors.1. Cash received from a customer on account was recorded (both debit and credit) as $1,580 instead of $1,850.2. The purchase on account of a computer costing $1,900 was recorded as a debit to Office Expense and a credit to Accounts Payable.3. Services were performed on account for a client, $2,250, for which Accounts Receivable was debited $2,250 and Service Revenue was credited $225.4. A payment of $95 for telephone charges was entered as a debit to Office Expenses and a debit to Cash.5. The Service Revenue account was totaled at $5,200 instead of $5,280.InstructionsFrom this information, prepare a corrected trialbalance.
Step by Step Answer: