The trial balance of Drysdale Company shown below does not balance.
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 $360 received from a customer on account was debited to Cash $630 and credited to Accounts Receivable $630.
3. A withdrawal of $300 by the owner was posted as a credit to Drysdale, Drawing, $300 and credit to Cash $300.
4. A debit of $300 was not posted to Wages Expense.
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 $225 was credited to Cash for $225 and credited to Accounts Payable for $252.
Instructions
Prepare a correct trial balance.

Question

The trial balance of Drysdale Company shown below does not balance.  
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 $360 received from a customer on account was debited to Cash $630 and credited to Accounts Receivable $630.
3. A withdrawal of $300 by the owner was posted as a credit to Drysdale, Drawing, $300 and credit to Cash $300.
4. A debit of $300 was not posted to Wages Expense.
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 $225 was credited to Cash for $225 and credited to Accounts Payable for $252.
Instructions
Prepare a correct trial balance.

Quizplus · Accepted Answer

The Answer of The trial balance of Drysdale Company shown below does not balance.  
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 $360 received from a customer on account was debited to Cash $630 and credited to Accounts Receivable $630.
3. A withdrawal of $300 by the owner was posted as a credit to Drysdale, Drawing, $300 and credit to Cash $300.
4. A debit of $300 was not posted to Wages Expense.
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 $225 was credited to Cash for $225 and credited to Accounts Payable for $252.
Instructions
Prepare a correct trial balance.

The Trial Balance of Drysdale Company Shown Below Does Not