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
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
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter22: End-of-fiscal-period Work For A Corporation
Section: Chapter Questions
Problem 1AP
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The following trial balance of Pina Colada Co. does not balance.
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