The following trial balance of Bramble Co. does not balance Bramble Trial Balance June 30, 2020...

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

Solutions

Expert Solution

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

ekkarill92 answered 1 year ago

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