(Corrected Trial Balance) 4 The following trial balance of Scarlatti Corporation does not balance.
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SCARLATTI CORPORATION |
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|
Debit |
Credit |
|
|
Cash |
$5,912 |
|
|
Accounts Receivable |
5,240 |
|
|
Supplies |
2,967 |
|
|
Equipment |
6,100 |
|
|
Accounts Payable |
$7,044 |
|
|
Common Stock |
8,000 |
|
|
Retained Earnings |
2,000 |
|
|
Service Revenue |
5,200 |
|
|
Office Expense |
4,320 |
|
|
$24,539 |
$22,244 |
|
An examination of the ledger shows these errors.
1. Cash received from a customer on account was recorded (both debit and credit) as $1,580 instead of $1,850.
2. The purchase on account of a computer costing $1,900 was recorded as a debit to Office Expense and a credit to Accounts Payable.
3. Services were performed on account for a client, $2,250, for which Accounts Receivable was debited $2,250 and Service Revenue was credited $225.
4. A payment of $95 for telephone charges was entered as a debit to Office Expenses and a debit to Cash.
5. The Service Revenue account was totaled at $5,200 instead of $5,280.
Instructions
From this information, prepare a corrected trial balance.