Question Get Answer

Answer the question

Screen Shot 2020-06-26 at 1.39.36 AM.png
CULLUMBER COMPANY
Trial Balance June 30, 2022 Debit
Cash
Accounts Receivable $ 5,940
Supplies 2,550
Equipment 5,750
Accounts Payable
Unearned Service Revenue 2,950 Common Stock
Dividends 800
Service Revenue Salaries and Wages Expense 3,560
Utilities Expense 930
$22,480 Credit $ 5,840 6,357 11,750 6,230 $30,177 CALCULATOR Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors: NP‘WPF’NE‘ FULL SCREEN PRINTER VERSION Cash received from a customer on account was debited for $760, and Accounts Receivable was credited for the same amount. The actual collection was for $670.
The purchase of a printer on account for $340 was recorded as a debit to Supplies for $340 and a credit to Accounts Payable for $340.
Services were performed on account for a client for $800. Accounts Receivable was debited for $80 and Service Revenue was credited for $800.
A debit posting to Salaries and Wages Expense of $720 was omitted.
A payment on account for $207 was credited to Cash for $207 and credited to Accounts Payable for $270. Payment of a $700 cash dividend to Cullumber Company's stockholders was debited to Salaries and Wages Expense for $700 and credited to Cash for $700.
The amounts for two accounts with normal balances were listed in the wrong column. 1 BACK NEXT ?
Screen Shot 2020-06-26 at 1.41.02 AM.png

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Let our 24/7 Financial Accounting tutors help you get unstuck! Ask your first question.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes