ttnguyen91 Posts: 1, Reputation: 1 New Member   #1 Mar 5, 2012, 02:13 AM

Can someone help me on this problem please 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.

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