Please explain each letter in detail.

Instructions Prepare a correct trial balance. E3.3 (LO 2) (Corrected Trial Balance) The following trial balance of Blues Traveler Corporation does not balance. Blues Traveler Corporation Trial Balance April 30, 2020 Debit Credit $ 5,912 5,240 2,967 6,100 Cash Accounts Receivable Supplies Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Office Expense $ 7,044 8,000 2,000 5,200 4,320 $24,539 $22,244 An examination of the ledger shows these errors. 1. Cash received from a customer on account was recorded (both deuitanderedit) as $1,380 instead of $1,830. 2. The purchase on account of a computer costing $3,200 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