This trial balance of Cantpost Ltd. does not balance:

Each of the listed accounts has a normal balance per the general ledger. An examination of the general ledger and general 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 equipment on account for $360 was recorded as a debit to Supplies for $360 and a credit to Accounts Payable for $360.
3. Services were performed on account for a client for $890. Accounts Receivable was debited for $890 and Service Revenue was credited for $89.
4. A debit posting to Depreciation Expense of $600 was omitted.
5. A payment made by a customer on account for $206 was debited to Cash for $206 and credited to Accounts Receivable for $602.
6. Payment of a $400 dividend to Cantpost's shareholders was debited to Dividend Expense for $400 and credited to Cash for $400.
7. A transposition (reversal of digits) error was made when copying the balance in the Salaries Expense account. The correct balance should be $4,300.
8. A payment for rent in the amount of $1,000 was neither recorded nor posted.
Instructions
Prepare the correct trial balance.

Transcribed Image Text:

CANTPOST LTD. Trial Balance June 30, 2012 Debit Credit $5,170 Accounts receivable Supplies Equipment Accum Accounts payable Unearned revenue Common shares Dividends Service revenue Salaries expen Office expense Income tax expense $ 3,230 3 ulated depreciation 600 2,665 8,000 6,440 se 3 910 $14,440 $22,275