The following trial balance of Scarlatti Corporation does not balance. An examination of the ledger shows these

Question:

The following trial balance of Scarlatti Corporation does not balance.


An examination of the ledger shows these errors.

1. Cash received from a customer on account was recorded (both debit and credit) as $1,580 instead of $1,850.

2. The purchase on account of a computer costing $1,900 was recorded as a debit to Office Expense and a credit to Accounts Payable.

3. Services were performed on account for a client, $2,250, for which Accounts Receivable was debited $2,250 and Service Revenue was credited $225.

4. A payment of $95 for telephone charges was entered as a debit to Office Expense and a debit to Cash.

5. The Service Revenue account was totaled at $5,200 instead of $5,280.


Instructions

From this information prepare a corrected trial balance.

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Related Book For  book-img-for-question

Intermediate Accounting IFRS

ISBN: 9781119607519

4th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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