The trial balance of the Floyd Company shown below does not balance

An examination of the ledger and journal reveals the following errors:
1. Each of the above listed accounts has a normal balance per the general ledger.
2. Cash of $350 received from a customer on account was debited to Cash $530 and credited to Accounts Receivable $530.
3. Dividends of $300 paid to stockholders were posted as a credit to Dividends, $300 and a credit to Cash $300.
4. Wages Expense of $300 was omitted from the trial balance. 5.   The purchase of equipment on account for $700 was recorded as a debit to Repair Expense and a credit to Accounts Payable for $700.
6. Services were performed on account for a customer, $510, for which Accounts Receivable was debited $510 and Service Revenue, was credited $51.
7. A payment on account for $215 was credited to Cash for $215 and credited to Accounts Payable for $251.

Instructions
Prepare a correct trialbalance.

Transcribed Image Text:

FLOYD COMPANY Trial Balance June 30, 2007 Debit S 2,600 S 7,600 S600 S 8,300 Particulars Cash Accounts Receivable Supplies Equipment Accounts Payable Common Stock Dividends Service Revenue Wages Expense Repair Expense Credit S 9,766 S 1,941 S 1,500 S 15,200 S 3,800 S 1,600 S 26,000 26,907