Question: The trial balance of Zoop Co shown below does not

The trial balance of Zoop 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 $690, and Accounts Receivable was credited for the same amount. The actual collection was for $960.
2. The purchase of a computer on account for $620 was recorded as a debit to Supplies for $620 and a credit to Accounts Payable for $620.
3. Services were performed on account for a client for $760. Accounts Receivable was debited for $760, and Service Revenue was credited for $76.
4. A debit posting to Salaries and Wages Expense of $700 was omitted.
5. A payment of a balance due for $309 was credited to Cash for $309 and credited to
Accounts Payable for $390.
6. The payment of a $600 cash dividend was debited to Salaries and Wages Expense for
$600 and credited to Cash for $600.

Prepare a correct trial balance.

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  • CreatedFebruary 17, 2014
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