Question: The trial balance of Marius Santiago Co shown below does

The trial balance of Marius Santiago Co. shown below does not balance.

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 amount. 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.
4. A debit posting to Salaries and Wages Expense of $700 was omitted.
5. A payment of a balance due for $306 was credited to Cash for $306 and credited to
Accounts Payable for $360.
6. The withdrawal of $600 cash for Santiago’s personal use was debited to Salaries and
Wages Expense for $600 and credited to Cash for $600.

Prepare a correct trialbalance

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  • CreatedJanuary 30, 2014
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