ttnguyen91
Mar 5, 2012, 02:13 AM
MICHELS COMPANY
Trial Balance
June 30, 2012
Debit Credit
Cash $5,786
Accounts Receivable $6,156
Supplies 1,355
Equipment 5,696
Accounts Payable 6,362
Unearned Revenue 1,755
Common Stock 11,696
Dividends 800
Service Revenue 6,176
Salaries Expense 3,586
Office Expense 910
total $20,258 $30,020
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 $570, and Accounts Receivable was credited for the same amount. The actual collection was for $970.
2. The purchase of a typewriter on account for $393 was recorded as a debit to Supplies for $393 and a credit to Accounts Payable for $393.
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 Expense of $514 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 $643 cash dividend to Michels' stockholders was debited to Salaries Expense for $643 and credited to Cash for $643.
MICHELS COMPANY
Trial Balance
June 30, 2012
Debit Credit
Cash 6356 0
Accounts Receivable 7126 0
Supplies 1748 0
Equipment 5938 0
Accounts Payable 0 6755
Unearned Revenue 0 1755
Common Stock 0 11696
Dividends 1443 0
Service Revenue 0 6176
Salaries Expense 3072 0
Office expense 910 0
TOTAL 26382 26382
I GOT THE Office expense ,Unearned Revenue, Common Stock, Dividends, Service Revenue ALL RIGHT BUT THE REST AND TOTAL IS WRONG CAN SOMEONE HELP ME ON THIS PLEASE THANK YOU SO MUCH.
Trial Balance
June 30, 2012
Debit Credit
Cash $5,786
Accounts Receivable $6,156
Supplies 1,355
Equipment 5,696
Accounts Payable 6,362
Unearned Revenue 1,755
Common Stock 11,696
Dividends 800
Service Revenue 6,176
Salaries Expense 3,586
Office Expense 910
total $20,258 $30,020
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 $570, and Accounts Receivable was credited for the same amount. The actual collection was for $970.
2. The purchase of a typewriter on account for $393 was recorded as a debit to Supplies for $393 and a credit to Accounts Payable for $393.
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 Expense of $514 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 $643 cash dividend to Michels' stockholders was debited to Salaries Expense for $643 and credited to Cash for $643.
MICHELS COMPANY
Trial Balance
June 30, 2012
Debit Credit
Cash 6356 0
Accounts Receivable 7126 0
Supplies 1748 0
Equipment 5938 0
Accounts Payable 0 6755
Unearned Revenue 0 1755
Common Stock 0 11696
Dividends 1443 0
Service Revenue 0 6176
Salaries Expense 3072 0
Office expense 910 0
TOTAL 26382 26382
I GOT THE Office expense ,Unearned Revenue, Common Stock, Dividends, Service Revenue ALL RIGHT BUT THE REST AND TOTAL IS WRONG CAN SOMEONE HELP ME ON THIS PLEASE THANK YOU SO MUCH.