Question: I need help to prepare a corrected trial balance Question 1 of 3 The following trial balance of Kingbird Traveler Corporation does not balance. An





I need help to prepare a corrected trial balance
Question 1 of 3 The following trial balance of Kingbird Traveler 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 $1,190 instead of $1,910. 2. The purchase on account of a computer costing $3,168 was recorded as a debit to Office Expense and a credit to Accounts Payable. 3. Services were performed on account for a client, $2,530, for which Accounts Receivable was debited $2,530 and Service Revenue was credited $253. An examination of the ledger shows these errors. 1. Cash received from a customer on account was recorded (both debit and credit) as $1,190 instead of $1,910. 2. The purchase on account of a computer costing $3,168 was recorded as a debit to Office Expense and a credit to Accounts Payable. 3. Services were performed on account for a client, $2,530, for which Accounts Receivable was debited $2,530 and Service Revenue was credited $253. 4. A payment of $375 for telephone charges was entered as a debit to Office Expense and a debit to Cash. 5. The Service Revenue account was totaled at $5,500 instead of $5,580. From this information prepare a corrected trial balance. KINGBIRD TRAVELER CORPORATION Trial Balance Debit Credit $ $ Question 1 of 3 120 Totals
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