Correcting a trial balance [10 min]Brenda Longval Travel Design, Inc., prepared its trial...

Correcting a trial balance [10 min]

Brenda Longval Travel Design, Inc., prepared its trial balance. Suppose Longval made an error: She erroneously listed common stock of $30,600 as a debit rather than a credit.

Requirement

1. Compute the incorrect trial balance totals for debits and credits. Then show how to correct this error.