Correct Trial balance is as follows:
|
Debit
|
Credit
|
|
$
|
$
|
|
Cash
|
$ 6,172.00
|
|
|
Accounts Receivable
|
$ 4,790.00
|
|
|
Supplies
|
$ 2,967.00
|
|
|
Equipment
|
$ 6,100.00
|
|
|
Accounts Payable
|
|
$
7,044.00
|
|
Common Stock
|
|
$
8,000.00
|
|
Retained Earnings
|
|
$
2,000.00
|
|
Service Revenue
|
|
$
7,305.00
|
|
Office Expenses
|
$ 1,120.00
|
|
|
Computer
|
$ 3,200.00
|
|
|
$ 24,349.00
|
$
24,349.00
|
Error 1: Cash will increase by 450, and accounts receivable will
decrease by 450
Error 2: Purchase of computer on account is a capital
expenditure. Hence Computer should be debited. Office expense to
reduce by 3,200. Accounts payable correctly credited.
Error 3: Service revenue to increase by 2250-225 = 2025.
Error 4: Cash to be credited twice. Hence cash to be reduced by
190
Error 5: Service revenue to increase by 80
