Brenda Longval Travel Design, Inc., prepared its trial balance. Suppose Longval made an error: She erroneously listed common stock of $30,600 as a debit rather than a credit.

Requirement
1. Compute the incorrect trial balance totals for debits and credits. Then show how to correct thiserror.

Transcribed Image Text:

BRENDA LONGVAL TRAVEL DESIGN, INC. Trial Balance April 30, 2012 Balance Account Title Debit Credit $ 18,000 Cash Accounts receivable 1,000 Office supplies Land 500 14,000 400 Accounts payable Common stock 30,600 Dividends 3,000 8,800 Service revenue Rent expense, computer 700 Rent expense, office Salary expense 900 1,100 Utilities expense 600 Total