Question

nistria Dalance or wionorse Locoes not avance WILDHORSE CO. Trial Balance June 30, 2022 Debit Credit Cash $ 4.890 Accounts Receivable $4.990 Supplies 2,450 4,800 Equipment Accounts Payable 5,407 Unearned Service Revenue 2,850 Common Stock 10,800 Dividends 800 Service Revenue 5.280 Salaries and Wages Expense 3,560 Utilities Expense 930 $20,380 $26,377 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 $760, and Accounts Receivable was credited for the same amount. The actual collection was for $670 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 $800. Accounts Receivable was debited for $80 and Service Revenue was credited for $800. 4. A debit posting to Salaries and Wages Expense of $720 was omitted. 5. A payment on account for $207 was credited to Cash for $207 and credited to Accounts Payable for $270. 6. Payment of a $600 cash dividend to Wildhorse Co'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.

Answer 1

Answer:

WILDHORSE CO.
Trial Balance
June 30,2022
	Debit	Credit
Cash	$4,800
Accounts receivable	$5,800
Supplies	$2,110
Equipment	$5,140
Accounts payable		$4,930
Unearned Service revenue		$2,850
Common stock		$10,800
Dividends	$1,400
Service revenue		$5,280
Salaries and Wages expense	$3,680
Utilities expense	$930
Total	$23,860	$23,860

Calculations:

WILDHORSE CO.
Trial Balance
June 30,2022
	Debit	Credit
Cash	4890-90
Accounts receivable	4990+90+720
Supplies	2450-340
Equipment	4800+340
Accounts payable		5407-270-207
Unearned Service revenue		$2,850
Common stock		$10,800
Dividends	800+600
Service revenue		$5,280
Salaries and Wages expense	3560+720-600
Utilities expense	$930

Cash-Debit balance

Unearned service revenue-Credit balance