Question

Question 19 of 52 < -11 View Policies Current Attempt in Progress The following trial balance of Flounder Corporation does not balance, Credit FLOUNDER CORPORATION TRIAL BALANCE JUNE 30, 2020 Debit Cash $6,796 Accounts Receivable 7.770 Supplies 3,736 Equipment 9,500 Accounts Payable Common Stock Retained Earnings Service Revenue Office Expense 4,560 $32,362 $8,484 11,500 2,900 6,798 $29,682 An examination of the ledger shows these errors. 1. 2. 3. Cash received from a customer on account was recorded (both debit and credit) as $1,380 instead of $1,830. The purchase on account of a computer costing $3,200 was recorded as a debit to Office Expense and a credit to Accounts Payable. Services were performed on account for a client, $2,800, for which Accounts Receivable was debited $2,800 and Service Revenue was credited $280. A payment of $70 for telephone charges was entered as a debit to Office Expense and a debit to Cash The Service Revenue account was totaled at $5.900 Instead of $5,920. 5.

Answer 1

Trial Balance
June 30,2020
	Debit	Credit
Cash	7106		=6796+(1830-1380)-70-70
Accounts Receivable	7320		=7770-(1830-1380)
Supplies	3736
Equipment	12700		=9500+3200
Accounts Payable		8484
Common Stock		11500
Retained Earnings		2900
Service Revenue		9338	=6798+(2800-280)+20
Office Expenses	1360		=4560-3200
Totals	32222	32222