Cash - Dr 2600
Accounts Receivable - Dr 7600
Supplies - Dr 600
Equipment - Dr 8300
Accounts Payable - Cr 9766
Common Stock - Cr 1941
Dividends - Dr 1500
Service Revenue - Cr 15200
Salaries and Wages Expense - Dr 3800
Maintenance/Repairs Expense - Dr 1600
Totals: Dr $26000 Cr $26907
1. Each of the above listed accounts has a normal balance per the general ledger.
2. Cash of $350 received from a customer on account was debited to cash $530 and a credit to cash $300.
3. Dividends of $300 paid to stockholders were posted as a credit to dividends, $300, and a credit to cash $300
4. Wages Expense of $300 was omitted from the trial balance.
5. The purchase of equipment on account for $700 was recorded as a debit to Repair Expense and a credit to Accounts Payable for $700.
6. Services were performed on account for a customer, $510, for which Accounts Receivable was debited $510 and Service Revenue was credited $51.
7. A payment on account for $215 was credited to Cash for $215 and credited to Accounts Payable for $251.