(Notice: header, $ , double bottom line) The trial balance of Drysdale Company...
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(Notice: header, $ , double bottom line)
The trial balance of Drysdale Company shown below does not balance. DRYSDALE COMPANY Trial Balance June 30, 2020 Debit Credit 2,600 7,600 600 8,300 Cash.. Accounts Receivable. Supplies... Equipment. Accounts Payable. Share Capital-Ordinary Dividends Service Revenue. Salaries and Wages Expense.... Maintenance and Repairs Expense Totals... 9,766 1,952 1,500 15,200 3,800 1,600 26,000 26,918 An examination of the ledger and journal reveals the following errors: 1. Each of the above listed accounts has a normal balance per the general ledger. 2. Cash of 170 received from a customer on account was debited to Cash 710 and credited to Accounts Receivable 710. 3. A dividend of 300 was posted as a credit to Dividends, 300 and credit to Cash 300. 4. A debit of 120 was not posted to Salaries and Wages Expense. 5. The purchase of equipment on account for 700 was recorded as a debit to Maintenance and Repairs Expense and a credit to Accounts Payable for 700. 6. Services were performed on account for a customer, 310, for which Accounts Receivable was debited 310 and Service Revenue was credited 31. 7. A payment on account for 225 was credited to Cash for 225 and credited to Accounts Payable for 252. Instructions Prepare a correct trial balance
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