Corrected trial balance the trial balance of blues traveler


(Corrected Trial Balance) The trial balance of Blues Traveler Corporation (see next page) does not balance.An examination of the ledger shows these errors.

1. Cash received from a customer on account was recorded (both debit and credit) as $1,380 instead of $1,830.

2. The purchase on account of a computer costing $3,200 was recorded as a debit to Office Expense and a credit to Accounts Payable.

3. Services were performed on account for a client, $2,250, for which Accounts Receivable was debited $2,250 and Service Revenue was credited $225.

4. A payment of $95 for telephone charges was entered as a debit to Office Expenses and a debit to Cash.

5. The Service Revenue account was totaled at $5,200 instead of$5,280. 

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Accounting Basics: Corrected trial balance the trial balance of blues traveler
Reference No:- TGS01482266

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