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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please do not give solution in image format thanku
Transcribed Image Text:Totals
NASH TRAVELER CORPORATION
Trial Balance
Debit
Credit
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.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education