Question

Your answer is partially correct. Try again. This trial balance of Sunland Company does not balance. Credit $ 5,890 SUNLAND COMPANY Trial Balance June 30, 2022 Debit Cash Accounts Receivable $ 5,990 Supplies 2,150 Equipment 5,800 Accounts Payable Unearned Service Revenue 2,550 Common Stock Dividends 800 Service Revenue Salaries and Wages Expense 3,550 Utilities Expense 935 $21,775 6 486 11,800 6,280 $30,456 Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors: 1. Cash received from a customer on account was debited for $750, and Accounts Receivable was credited for the same amount. The actual collection was for $570. 2. The purchase of a printer on account for $340 was recorded as a debit to Supplies for $340 and a credit to Accounts Payable for $340. 3. Services were performed on account for a client for $900. Accounts Receivable was debited for $90 and Service Revenue was credited for $900. 4. A debit posting to Salaries and Wages Expense of $725 was omitted. 5. A payment on account for $206 was credited to Cash for $206 and credited to Accounts Payable for $260. 6. Payment of a $600 cash dividend to Sunland Company's stockholders was debited to Salaries and Wages Expense for $600 and credited to Cash for $600. 7. The amounts for two accounts with normal balances were listed in the wrong column. Prepare the correct trial balance. (Hint: All accounts should have normal balances.) SUNLAND COMPANY Trial Balance June 30, 2022 Debit

Answer 1

Trial Balance
June 30,2022
	Debit	Credit
Cash	5710		=5890-(750-570)
Accounts Receivable	6980		=5990+(750-570)+(900-90)
Supplies	1810		=2150-340
Equipment	6140		=5800+340
Accounts Payable		6020	=6486-260-206
Unearned Service Revenue		2550
Common Stock		11800
Dividends	1400		=800+600
Service Revenue		6280
Salaries and Wages expense	3675		=3550+725-600
Utilities expense	935
	26650	26650