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Ch 2 P2-4A.xlsx - Name Angel Ortiz Date Instructor Course...

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Name: Angel Ortiz Date: 1/31/2018 Instructor: Course: ACCT 161-01 P2-4A, Prepare a correct trial balance The trial balance of Avtar Sandhu Co. shown below does not balance. AVTAR SANDHU Trial Balance June 30, 2017 Debit Credit Cash $3,340 Accounts Receivable $2,812 Supplies $1,200 Equipment $2,600 Accounts Payable $3,666 Unearned Service Revenue $1,100 Owner's Capital $8,000 Owner's Drawings $800 Service Revenue $2,480 Salaries and Wages Expense $3,200 Utilities Expense $810 $12,522 $17,486 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 in payment of its account was debited for $580, and Accounts Receivable was credited for the same account. The actual collection was for $850. 2. The purchase of a computer on account for $710 was recorded as a debit to Supplies for $710 and a credit to Accounts Payable for $710. 3. Services were performed on account for a client for $980. Accounts Receivable was debited for $980, and Service Revenue was credited for $98.
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