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The following trial balance of Indigo Traveler Corporation does not balance.
| Indigo Traveler Corporation Trial Balance April 30, 2020 |
| | | Debit | | Credit |
| Cash | | | $6,272 | | | | | |
| Accounts Receivable | | | 5,420 | | | | | |
| Supplies | | | 3,147 | | | | | |
| Equipment | | | 6,280 | | | | | |
| Accounts Payable | | | | | | | $7,224 | |
| Common Stock | | | | | | | 8,180 | |
| Retained Earnings | | | | | | | 2,180 | |
| Service Revenue | | | | | | | 5,380 | |
| Office Expense | | | 4,500 | | | | | |
| | | | $25,619 | | | | $22,964 | |
An examination of the ledger shows these errors.
| 1. | | Cash received from a customer on account was recorded (both debit and credit) as $1,760 instead of $2,030. |
| 2. | | The purchase on account of a computer costing $3,254 was recorded as a debit to Office Expense and a credit to Accounts Payable. |
| 3. | | Services were performed on account for a client, $2,430, for which Accounts Receivable was debited $2,430 and Service Revenue was credited $405. |
| 4. | | A payment of $275 for telephone charges was entered as a debit to Office Expense and a debit to Cash. |
| 5. | | The Service Revenue account was totaled at $5,380 instead of $5,460. |
From this information prepare a corrected trial balance.
Answer & Explanation
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