The trial balance of Robbie Gould Co. shown below does not balance.Each of the listed accounts has

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The trial balance of Robbie Gould Co. shown below does not balance.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 $580, and Accounts Receivable was credited for the same amount. The actual collection was for $850.2. The purchase of a computer on account for $710 was recorded as a debit to Supplies for $710 and a credit to Accounts Payable for $710.3. Services were performed on account for a client for $980. Accounts Receivable was debited for $980, and Service Revenue was credited for $98.4. A debit posting to Salaries and Wages Expense of $700 was omitted.5. A payment of a balance due for $306 was credited to Cash for $306 and credited to Accounts Payable for $360.6. The withdrawal of $600 cash for Gould??s personal use was debited to Salaries and Wages Expense for $600 and credited to Cash for $600.InstructionsPrepare a correct trial balance.

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Accounting Principles

ISBN: 978-0470534793

10th Edition

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

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