Review Francis Nangle Travel Design€™s trial balance. Assume that Nangle accidentally listed dividends as $300 instead of the correct amount of $3,000.

Requirement
1. Compute the incorrect trial balance totals for debits and credits. Then show how to correct this error, which is called aslide.

Transcribed Image Text:

FRANCIS NANGLE TRAVEL DESIGN Trial Balance January 31, 2012 Balance Debit Credit Account Title $ 20,000 Cash Accounts receivable 1,000 Office supplies Land 500 12,000 Accounts payable 100 Common stock 31,000 Dividends 300 8,700 Service revenue Rent expense, computer Rent expense, office Salary expense 700 1,200 1,200 Utilities expense 200 Total