The trial balance of Robbie Gould Co. shown below does not balance.
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ROBBIE GOULD CO. |
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Trial Balance |
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June 30, 2012 |
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Debit |
Credit |
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Cash |
$ 3,340 |
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Accounts Receivable |
$ 2,812 |
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Supplies |
1,200 |
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Equipment |
2,600 |
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Accounts Payable |
3,666 |
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Unearned Service Revenue |
1,100 |
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Owner’s Capital |
8,000 |
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Owner’s Drawings |
800 |
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Service Revenue |
2,480 |
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Salaries and Wages Expense |
3,200 |
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Supplies Expense |
810 |
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$12,522 |
$17,486 |
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.
Instructions
Prepare a correct trial balance.