In: Accounting
The following trial balance of Bramble Co. does not balance
Bramble Trial Balance June 30, 2020
DEBIT CREDIT
Cash |
$3,179 | |||||
---|---|---|---|---|---|---|
Accounts Receivable |
$2,952 | |||||
Supplies |
1,109 | |||||
Equipment |
4,109 | |||||
Accounts Payable |
2,975 | |||||
Unearned Service Revenue |
1,509 | |||||
Common Stock |
6,309 | |||||
Retained Earnings |
3,309 | |||||
Service Revenue |
2,689 | |||||
Salaries and Wages Expense |
3,709 | |||||
Office Expense |
1,249 | |||||
Totals |
$14,637 |
$18,461 |
Each of the listed accounts should have 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 $570, and Accounts Receivable was credited for the same amount. The actual collection was for $750. | |
2. | The purchase of a computer printer on account for $809 was recorded as a debit to Supplies for $809 and a credit to Accounts Payable for $809. | |
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 payment of $80 for telephone charges was recorded as a debit to Office Expense for $80 and a debit to Cash for $80. | |
5. | When the Unearned Service Revenue account was reviewed, it was found that service revenue amounting to $634 was performed prior to June 30 (related to Unearned Service Revenue). | |
6. | A debit posting to Salaries and Wages Expense of $979 was omitted. | |
7. | A payment on account for $206 was credited to Cash for $206 and credited to Accounts Payable for $260. | |
8. | A dividend of $884 was debited to Salaries and Wages Expense for $884 and credited to Cash for $884. |
PREPARE A CORRECT TRIAL BALANCE
YEAR ENDED JUNE 30,2020, MONTH ENDED JUNE 30,2020 OR JUNE 30, 2020
Cash |
3,199 | 3,179 + 180 -160 | |
---|---|---|---|
Accounts Receivable |
2,772 | 2,952 - 180 | |
Supplies |
300 | 1,109 - 809 | |
Equipment |
4,918 | 4,109 + 809 | |
Accounts Payable |
2,509 | 2,975 -466 | |
Unearned Service Revenue |
875 | 1,509 - 634 | |
Common Stock |
6,309 | ||
Retained Earnings |
3,309 | ||
Dividend |
884 | ||
Service Revenue |
4,124 | 2,689 + 1,435 | |
Salaries and Wages Expense |
3,804 | 3,709 + 979 - 884 | |
Telephone charges |
80 | 80 | |
Office Expense |
1,169 | 1,249 - 80 | |
Totals |
$17,126 |
$17,126 |