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ACC- Scarlatti Corporation Problem




Question;The following trial balance of Scarlatti Corporation does not balance.;SCARLATTI CORPORATIONTRIAL BALANCEAPRIL 30, 2012DebitCreditCash $6,408Accounts Receivable 5,488Supplies 3,215Equipment 6,348Accounts Payable $7,292Common Stock 8,248Retained Earnings 2,248Service Revenue 5,448Office Expense4,568$26,027$23,236An 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.


Paper#44266 | Written in 18-Jul-2015

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