Sara Yu, CA, was retained by Info Cable, Ltd. to prepare financial statements for April 2017. Yu accumulated all the ledger balances per Info's records and found the following.

Sara Yu reviewed the records and found the following errors.

1. Cash received from a customer on account was recorded as £950 instead of £590.

2. A payment of £75 for advertising expense was entered as a debit to Miscellaneous Expense £75 and a credit to Cash £75.

3. The first salary payment this month was for £1,850, which included £700 of salaries payable on March 31. The payment was recorded as a debit to Salaries and Wages Expense £1,850 and a credit to Cash £1,850. (No reversing entries were made on April 1.)

4. The purchase on account of a printer costing £310 was recorded as a debit to Supplies and a credit to Accounts Payable for £310.

5. A cash payment of repair expense on equipment for £125 was recorded as a debit to Equipment £152 and a credit to Cash £152.

Instructions

(a) Prepare an analysis of each error showing (1) the incorrect entry, (2) the correct entry, and (3) the correcting entry. Items 4 and 5 occurred on April 30, 2017.

(b) Prepare a correct trial balance.

INFO CABLE, LTD Trial Balance April 30, 2017 Debit Credit Cash Accounts Receivable Supplies E 4,100 3,200 800 10,600 Accumulated Depreciation-Equip Accounts Payable Salaries and Wages Payable Unearned Service Revenue Share Capital-Ordinary Retained Earnings Service Revenue Salaries and Wages Expense Advertising Expense Miscellaneous Expense Depreciation Expense 1,250 2 890 10,000 2,880 5,450 3,300 480 290 500 E23,270 23,270