The following trial balance of Sheffield Co. does not balance
SHEFFIELD CO. TRIAL BALANCE JUNE 30, 2017
Debit Credit
Cash $3,227
Accounts Receivable $3,588
Supplies 1,157
Equipment 4,157
Accounts Payable 3,023
Unearned Service Revenue 1,557
Common Stock 6,357
Retained Earnings 3,357
Service Revenue 2,737
Salaries and Wages Expense 3,757
Office Expense 1,297
Totals $15,513 $18,701
Each of the listed accounts should have a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors.
1. Cash received from a customer on account was debited for $570, and Accounts Receivable was credited for the same amount. The actual collection was for $750.
2. The purchase of a computer printer on account for $857 was recorded as a debit to Supplies for $857 and a credit to Accounts Payable for $857.
3. Services were performed on account for a client for $890. Accounts Receivable was debited for $890 and Service Revenue was credited for $89.
4. A payment of $422 for telephone charges was recorded as a debit to Office Expense for $422 and a debit to Cash for $422
5. When the Unearned Service Revenue account was reviewed, it was found that service revenue amounting to $682 was performed prior to June 30 (related to Unearned Service Revenue)
6. A debit posting to Salaries and Wages Expense of $1,027 was omitted.
7. A payment on account for $206 was credited to Cash for $206 and credited to Accounts Payable for $260
8. A dividend of $932 was debited to Salaries and Wages Expense for $932 and credited to Cash for $932.
Prepare a correct trial balance. Answer the missing blank part.
SHEFFIELD CO. TRIAL BALANCE JUNE 30, 2017
Debit Credit
Cash $2563 $
Accounts Receivable 3408
Supplies 300
Equipment _____
Accounts Payable 2557
Unearned Service Revenue 875
Common Stock 6357
Retained Earnings 3357
Dividends 932
Service Revenue 4220
Office Expense _____
Salaries and Wages Expense _____
Totals 17366 17366