intermediate The trial balance of Blues Traveler Corporation does not An examina
ID: 2491352 • Letter: I
Question
intermediate The trial balance of Blues Traveler Corporation does not An examination of the ledger shows these errors. Cash received from a customer on Account was recorded (both debit and credit) as $1,621 instead of $12,071. The purchase on account of a computer costing $2,487 was recorded as a debit to Office Expense and a credit to Accounts Payable. Services were performed on account for a client. $2,491, for which Accounts Received was debited $2,401 and Service Revenue was credited $466. A payment of $336 for telephone charges was entered as a debit to Office Expense and a debit to Cash. The Service Revenue account was totaled at $5,441 instead of $5,521. From this information, prepare a corrected trial balance.Explanation / Answer
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BLUES TRAVELER CORPORATION Trial Balance 30-Apr-14 Debit Credit Cash 5947 Accounts Receivable 5256 Supplies 3208 Equipment 8828 Accounts Payable 7285 Common Stock 8241 Retained Earnings 2241 Service Revenue 7546 Office Expense 2074 25313 25313Related Questions
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