Andy Leaf is a careless bookkeeper. He is having a terrible time getting his trial balance to balance. Andy has asked for your assistance in preparing a correct trial balance. The following is the incorrect trial balance.

? Debits to the Cash account were $2,640; credits to the Cash account were $2,150.? Amy Hall paid $15, but this was not updated in Accounts Receivable.? A purchase of office equipment for $105 on account was never recorded in the ledger.? Professional Fees (Revenue) was understated in the ledger by $180. Show how the trial balance will indeed balance once these items are corrected. Tell Ranch Company how it can avoid this problem in the future. Write out your recommendations.

RANCH COMPANY TRIAL BALANCE JUNE 30, 2020 Dr. Cr. Cash 5 1000 6 3500 Accounts Receivable Office Equipment Accounts Payable 26000 1000 Wages Payable H. Clo, Capital H. Clo, Withdrawals 1000 63500 14 4000 22 4000 2 4000 Professional Fees Rent Expense Advertising Expense 2500 289000 311500 Totals