The following trial balance of Watteau Co. does not balance:
WATTEAU CO. TRIAL BALANCE JUNE 30, 2017 |
| Debit \( | Credit \) |
Cash | | \(2,870 |
Accounts receivable | \)3,231 | |
Supplies | 800 | |
Equipment | 3,800 | |
Account payable | | 2,666 |
Unearned service revenue | 1,200 | |
Common stock | | 6,000 |
Retained earnings | | 3,000 |
Service revenue | | 2,380 |
Salaries and wages expenses | 3,400 | |
Office expenses | 940 | |
| \(13,371 | \)16,916 |
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 the 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 \(500 was recorded as a debit to Supplies for \)500 and a credit to Accounts Payable for \(500.
- Services were performed on account for a client for \)890. Accounts receivable was debited for \(890 and service revenue was credited for \)89.
- A payment of \(65 for telephone charges was recorded as a debit to Office Expense for \)65 and a debit to Cash for \(65.
- When the unearned service revenue account was reviewed, it was found that service revenue amounting to \)325 was performed prior to June 30 (related to unearned service revenue).
- A debit posting to salaries and wages expenses of \(670 was omitted.
- A payment on account for \)206 was credited to cash for \(206 and credit to account payable for \)260.
- A dividend of \(575 was debited to salaries and wages expenses for \)575 and credit to cash for $575.
Instruction
Prepare a correct trial balance. (Note: It may be necessary to add one or more accounts to the trial balance.)
