The trial balance of Vail Co. does not balance.

Each of the listed accounts should have 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 $160, and Accounts Receivable was credited for the same amount. The actual collection was for $610.
2. The purchase of a computer printer on account for $850 was recorded as a debit to Supplies for $850 and a credit to Accounts Payable for $850.
3. Services were performed on account for a client for $460. Accounts Receivable was debited for $60 and Service Revenue was credited for $460.
4. A payment of $150 for internet charges was recorded as a credit to Office Expense for $150 and a credit to Cash for $150.
5. When the Unearned Service Revenue account was reviewed, it was found that service revenue amounting to $200 was performed prior to June 30.
6. A debit posting to Salaries and Wages Expense of $1,200 was omitted.
7. A payment on account for $350 was credited to Cash for $350 and credited to Accounts Payable for $350.
8. A dividend of $600 was debited to Salaries and Wages Expense for $600 and credited to Cash for $60.

Instructions
Prepare a correct trialbalance.

Transcribed Image Text:

VAIL CO. TRIAL BALANCE JUNE 30, 2014 Debit Credit Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Office Expense $1,650 S 8,618 1,200 7,800 5,600 600 10,000 2,038 7,950 2,100 1,380 $21,698 $27,238