Acc- scarlatti corporation problem | Accounting homework help

The following trial balance of Scarlatti Corporation does not balance.

APRIL 30, 2012 



Cash $6,408 
Accounts Receivable 5,488 
Supplies 3,215 
Equipment 6,348 
Accounts Payable $7,292 
Common Stock 8,248 
Retained Earnings 2,248 
Service Revenue 5,448 
Office Expense 


An examination of the ledger shows these errors.
1. Cash received from a customer on account was recorded (both debit and credit) as $1,828 instead of $2,098. 
2. The purchase on account of a computer costing $2,655 was recorded as a debit to Office Expense and a credit to Accounts Payable. 
3. Services were performed on account for a client, $2,498, for which Accounts Receivable was debited $2,498 and Service Revenue was credited $473. 
4. A payment of $343 for telephone charges was entered as a debit to Office Expenses and a debit to Cash. 
5. The Service Revenue account was totaled at $5,448 instead of $5,528. 

From this information, prepare a corrected trial balance. 

Looking for a similar assignment? Get help from our qualified experts!

Our specialized Assignment Writers can help you with your custom paper today. 100% written from scratch

Order a Similar Paper Order a Different Paper