The trial balance of Mueller SE shown below does not balance. Each of the listed accounts has

Question:

The trial balance of Mueller SE shown below does not balance.

The trial balance of Mueller SE shown below does not

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 in payment of its account was debited for €570, and Accounts Receivable was credited for the same amount. The actual collection was for €750.
2. The purchase of a computer on account for €620 was recorded as a debit to Supplies for €620 and a credit to Accounts Payable for €620.
3. Services were performed on account for a client for €890. Accounts Receivable was debited for €890, and Service Revenue was credited for €89.
4. A debit posting to Salaries and Wages Expense of €700 was omitted.
5. A payment of a balance due for €309 was credited to Cash for €309 and credited to Accounts Payable for €390.
6. The payment of a €600 cash dividend was debited to Salaries and Wages Expense for €600 and credited to Cash for €600.
Instructions
Prepare a correct trial balance.

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Related Book For  answer-question

Financial Accounting

ISBN: 978-1118978085

IFRS 3rd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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