Reference no: EM131268286
The trial balance of Andalousia Company shown below does not balance.
ANDALOUSIA COMPANY TRIAL BALANCE JUNE 30, 2017
Debit Credit
Cash ......................................................................................................... £ 2,600
Accounts Receivable....................................................................................7,600
Supplies ..........................................................................................................600
Equipment ...................................................................................................8,300
Accounts Payable ............................................................................................................................... £ 9,766
Share Capital-Ordinary ............................................................................................................................1,952
Dividends ................................................................................................... 1,500
Service Revenue ....................................................................................................................................15,200
Salaries and Wages Expense ...................................................................... 3,800
Maintenance and Repairs Expense ............................................................. 1,600
Totals ..........................................................................................................26,000............................. £26,918
An examination of the ledger and journal reveals the following errors:
1. Each of the above listed accounts has a normal balance per the general ledger.
2. Cash of £170 received from a customer on account was debited to Cash £710 and credited to Accounts Receivable £710.
3. A dividend of £300 was posted as a credit to Dividends, £300 and credit to Cash £300.
4. A debit of £120 was not posted to Salaries and Wages Expense.
5. The purchase of equipment on account for £700 was recorded as a debit to Maintenance and Repairs Expense and a credit to Accounts Payable for £700.
6. Services were performed on account for a customer, £310, for which Accounts Receivable was debited £310 and Service Revenue was credited £31.
7. A payment on account for £225 was credited to Cash for £225 and credited to Accounts Payable for £252. Instructions:
Prepare a correct trial balance.
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: The trial balance of Andalousia Company shown below does not balance. Each of the above listed accounts has a normal balance per the general ledger. Cash of £170 received from a customer on account was debited to Cash £710 and credited to Accounts Re..
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