Prepare a correct trial balance.

P3-7A, Prepare a correct trial balance.

This trial balance of Swisher Co. does not balance.

Swisher CO.

Trial Balance

June 30, 2014

Debit

Credit

Cash

$3,090

Accounts Receivable

$3,190

Supplies

800

Equipment

3,000

Accounts Payable

3,686

Unearned Service Revenue

1,200

Common Stock

9,000

Dividends

800

Service Revenue

3,480

Salaries and Wages Expense

3,600

Utilities Expense

910

$13,500

$19,256

Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors:

1. Cash received from a customer on account was debited for

$780

, and Accounts

Receivable was credited for the same amount. The actual collection was for

$870

2. The purchase of a printer on account for

$340

was recorded as a debit to Supplies for

$340

and a credit to Accounts Payable for

$340

3. Services were performed on account for a client for

$900

Accounts Receivable was debited for

$90

and Service Revenue was credited for

$900

4. A debit posting to Salaries and Wages Expense of

$700

was omitted.

5. A payment on account for

$206

was credited to Cash for

$206

and credited to

Accounts Payable for

$260

6. Payment of a

$600

cash dividend to Swishers stockholders was debited to Salaries and Wages

Expense for

$600

and credited to Cash for

$600

Instructions:

Prepare the correct trial balance. (Hint: All accounts have normal balances.)

Swisher CO.

Trial Balance

June 30, 2014

Debit

Credit

Cash

$3,180

$3,090 - $780 + $870

Accounts Receivable

Supplies

Equipment

Accounts Payable

Unearned Service Revenue

Common Stock

Dividends

Service Revenue

Salaries and Wages Expense

Utilities Expense

$3,180

$0