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2. 3. The following trial balance of Nash Traveler Corporation does not balance. 4. Cash 5. Nash Traveler Corporation Trial Balance April 30, 2025 Accounts Receivable Supplies Equipment Accounts Payable Common Stock An examination of the ledger shows these errors. Retained Earnings Service Revenue Office Expense Debit $6,202 5,340 3,067 6,200 From this information prepare a corrected trial balance. 4,420 $25,229 An examination of the ledger shows these errors. Credit $7,144 1. Cash received from a customer on account was recorded (both debit and credit) as $1,280 instead of $1,820. The purchase on account of a computer costing $3,203 was recorded as a debit to Office Expense and a credit to Accounts Payable. 8,100 2,100 5,300 $22,644 Services were performed on account for a client, $2,350, for which Accounts Receivable was debited $2,350 and Service Revenue was credited $235. A payment of $195 for telephone charges was entered as a debit to Office Expense and a debit to Cash. The Service Revenue account was totaled at $5,300 instead of $5,380.

2. 3. The following trial balance of Nash Traveler Corporation does not balance. 4. Cash 5. Nash Traveler Corporation Trial Balance April 30, 2025 Accounts Receivable Supplies Equipment Accounts Payable Common Stock An examination of the ledger shows these errors. Retained Earnings Service Revenue Office Expense Debit $6,202 5,340 3,067 6,200 From this information prepare a corrected trial balance. 4,420 $25,229 An examination of the ledger shows these errors. Credit $7,144 1. Cash received from a customer on account was recorded (both debit and credit) as $1,280 instead of $1,820. The purchase on account of a computer costing $3,203 was recorded as a debit to Office Expense and a credit to Accounts Payable. 8,100 2,100 5,300 $22,644 Services were performed on account for a client, $2,350, for which Accounts Receivable was debited $2,350 and Service Revenue was credited $235. A payment of $195 for telephone charges was entered as a debit to Office Expense and a debit to Cash. The Service Revenue account was totaled at $5,300 instead of $5,380.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Totals NASH TRAVELER CORPORATION Trial Balance Debit Credit
Transcribed Image Text:Totals NASH TRAVELER CORPORATION Trial Balance Debit Credit
2. 3. The following trial balance of Nash Traveler Corporation does not balance. 4. Cash 5. An examination of the ledger shows these errors. Nash Traveler Corporation Trial Balance April 30, 2025 Accounts Receivable Supplies Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Office Expense Debit $6,202 5,340 3,067 6,200 4,420 $25,229 An examination of the ledger shows these errors. From this information prepare a corrected trial balance. Credit $7,144 1. Cash received from a customer on account was recorded (both debit and credit) as $1,280 instead of $1,820. The purchase on account of a computer costing $3,203 was recorded as a debit to Office Expense and a credit to Accounts Payable. 8,100 2,100 5,300 $22,644 Services were performed on account for a client, $2,350, for which Accounts Receivable was debited $2,350 and Service Revenue was credited $235. A payment of $195 for telephone charges was entered as a debit to Office Expense and a debit to Cash. The Service Revenue account was totaled at $5,300 instead of $5,380.
Transcribed Image Text:2. 3. The following trial balance of Nash Traveler Corporation does not balance. 4. Cash 5. An examination of the ledger shows these errors. Nash Traveler Corporation Trial Balance April 30, 2025 Accounts Receivable Supplies Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Office Expense Debit $6,202 5,340 3,067 6,200 4,420 $25,229 An examination of the ledger shows these errors. From this information prepare a corrected trial balance. Credit $7,144 1. Cash received from a customer on account was recorded (both debit and credit) as $1,280 instead of $1,820. The purchase on account of a computer costing $3,203 was recorded as a debit to Office Expense and a credit to Accounts Payable. 8,100 2,100 5,300 $22,644 Services were performed on account for a client, $2,350, for which Accounts Receivable was debited $2,350 and Service Revenue was credited $235. A payment of $195 for telephone charges was entered as a debit to Office Expense and a debit to Cash. The Service Revenue account was totaled at $5,300 instead of $5,380.
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