BLUES TRAVELER CORPORATION TRIAL BALANCE Debit Credit Cash 5912

Blues traveler corporation trial balance debit credit

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BLUES TRAVELER CORPORATION TRIAL BALANCE APRIL 30, 2014 Debit Credit Cash $ 5,912 Accounts Receivable 5,240 Supplies 2,967 Equipment 6,100 Accounts Payable $ 7,044 Common Stock 8,000 Retained Earnings 2,000 Service Revenue 5,200 Office Expense __4,320 _______ $24,539 $22,244 An examination of the ledger shows these errors. 1. Cash received from a customer on account was recorded (both debit and credit) as $1,380 instead of $1,830.
2. The purchase on account of a computer costing $3,200 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 Expense 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 trial balance. BLUES TRAVELER CORPORATION TRIAL BALANCE APRIL 30, 2014 Debit Credit Cash $ 6,182 Accounts Receivable 5,240 Supplies 2,967 Equipment 8,000 Accounts Payable $ 7,139 Common Stock 8,000 Retained Earnings 2,000 Service Revenue 7,575 Office Expense __2,325 _______ $24,714 $24,714 P3-1 (parts a, b, and c only) : Transactions, Financial Statements Listed below are the transactions of Yasunari Kawabata, D.D.S., for the month of September.
September 1 Kawabata begins practice as a dentist and invests $20,000 cash.2 Purchases dental equipment on account from Green Jacket Co. for $17,280.4 Pays rent for office space, $680 for the month.4 Employs a receptionist, Michael Bradley.5 Purchases dental supplies for cash, $942.8 Receives cash of $1,690 from patients for services performed.10 Pays miscellaneous office expenses, $430.14 Bills patients $5,820 for services performed.18 Pays Green Jacket Co. on account, $3,600.19 Withdraws $3,000 cash from the business for personal use.20 Receives $980 from patients on account.25 Bills patients $2,110 for services performed.30 Pays the following expenses in cash: Salaries and wages $1,800; miscellaneousoffice expenses $85.

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