Correcting a Trial Balance
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The trial balance of Blues Traveler Corporation does not balance.
BLUES TRAVELER CORPORATION
Trial Balance
April 30
(see chart in attached file)
An examination of the ledger shows these errors.
1. Cash received from a customer on account was recorded(both debit and credit) as $ 1380 instead of $1830.
2. The purchase on account of a computer costing $3,200 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 for $ 225.
4. A payment of $95 for telephone charges was entered as a debit to Office Expense 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.
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Solution Summary
Solution attaches an Excel file to prepare a corrected trial balance from the data given.
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