for $800 and a credit to Accounts Payable for $ 800. Services were performed on account for a client for $ 800. Accounts Receivable was debited for $ 800, and Service Revenue was credited for $ 80. 3....

The following trial balance of Pina Colada Co. does not balance.


Extracted text: for $800 and a credit to Accounts Payable for $ 800. Services were performed on account for a client for $ 800. Accounts Receivable was debited for $ 800, and Service Revenue was credited for $ 80. 3. 4. A debit posting to Salaries and Wages Expense of $ 800 was omitted. A payment of a balance due for $ 407 was credited to Cash for $ 407 and credited to Accounts Payable for $ 470. 5. The withdrawal of $ 512 cash for Sandhu's personal use was debited to Salaries and Wages Expense for $ 512 and credited to Cash for $ 512. 6. Prepare a correct trial balance. (Hint: It helps to prepare the correct journal entry for the transaction described and compare it to the mistake made.) PINA COLADA CO. Trial Balance Debit Totals


Extracted text: The following trial balance of Pina Colada Co. does not balance. Pina Colada CO. Trial Balance June 30, 2020 Debit Credit Cash $ 2,020 Accounts Receivable $ 2,530 Supplies 1,250 Equipment 2,400 Accounts Payable 4,277 Unearned Service Revenue 1,100 Owner's Capital 7,800 Owner's Drawings 2,688 Service Revenue 2,580 Salaries and Wages Expense 3,112 Utilities Expense 800 $ 13,880 $ 16,677 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 in payment of its account was debited for $ 960, and Accounts Receivable was credited for the same amount. The actual collection was for $ 690. The purchase of a computer on account for $ 800 was recorded as a debit to Supplies for $ 800 and a credit to Accounts Payable for $ 800. 2.