The trial balance of Avtar Sandhu Co. Shown below does not balance
AVTAR SANDHU CO.
Trial Balance
June 30, 2019
Trial Balance
June 30, 2019
Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and Journal reveals the followings errors:
- Cash received from a customer in payment of its account was debited for $580, and Accounts Receivable was credited for the same amount. The actual collection was for $850
- the purchase of a computer on account for $710 was recorded as a debit to Supplies for $710 and credit to Accounts Payable for $710.
- Services were performed on account for a client for $980. Accounts Receivable was debited for $980, and Service Revenue was credited for $98.
- A debit posting to Salaries and Wages Expenses of $700 was omitted.
- A payment of a balance due for $306 was credited to Cash for $306 and credited to Accounts Payable for $360.
- The withdrawal of $600 cash for Sandhu's personal use was debited to Salaries and Wages Expense for $600 and credited to Cash for $600.
Instructions
Prepare a correct trial balance.
Answer
AVTAR SANDHU CO.
Trial Balance
June 30, 2019
Trial Balance
June 30, 2019
Correct Trial balance = $15,462