![The The](/uploads/1/2/4/0/124062610/483787572.jpg)
![Balance Balance](https://www.solutioninn.com/image/images5/253-B-A-I-S%20(2979).png)
The trial balance of Watteau Co. Does not balance. TRIAL BALANCE JUNE 30, 2014 Debit Credit Cash $3,365 Accounts Receivable $3,726 Supplies 1,295 Equipment 4,295 Accounts Payable 3,161 Unearned Service Revenue 1,695 Common Stock 6,495 Retained Earnings 3,495 Service Revenue 2,875 Salaries and Wages Expense 3,895 Office Expense 1,435 Totals $16,341 $19,391 Each of the listed accounts should have a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors. Cash received from a customer on account was debited for $570, and Accounts Receivable was credited for the same amount. The actual collection was for $750. The purchase of a computer printer on account for $995 was recorded as a debit to Supplies for $995 and a credit to Accounts Payable for $995.
Services were performed on account for a client for $890. Accounts Receivable was debited for $890 and Service Revenue was credited for $89. A payment of $560 for telephone charges was recorded as a debit to Office Expense for $560 and a debit to Cash for $560. When the Unearned Service Revenue account was reviewed, it was found that service revenue amounting to $820 was performed prior to June 30 (related to Unearned Service Revenue). A debit posting to Salaries and Wages Expense of $1,165 was omitted. A payment on account for $206 was credited to Cash for $206 and credited to Accounts Payable for $260. A dividend of $1,070 was debited to Salaries and Wages Expense for $1,070 and credited to Cash for $1,070.
Again, the trial balance contains the debit and credit totals from each ledger account. If you forget one, your trial balance will not in fact balance. Answer to The trial balance of Watteau Co. Does not balance. TRIAL BALANCE JUNE 30, 2014 Debit Credit Cash $3,365 Acco.
Prepare a correct trial balance.