Reference no: EM133106360

Question - The following trial balance of Skysong Co. does not balance.

SKYSONG CO. TRIAL BALANCE JUNE 30, 2020
	Debit	Credit
Cash		$3,051
Accounts Receivable	$3,090
Supplies	981
Equipment	3,981
Accounts Payable		2,847
Unearned Service Revenue	1,381
Common Stock		6,181
Retained Earnings		3,181
Service Revenue		2,561
Salaries and Wages Expense	3,581
Office Expense	1,121
Totals	$14,135	$17,821

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 $681 was recorded as a debit to Supplies for $681 and a credit to Accounts Payable for $681.

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 $85 for telephone charges was recorded as a debit to Office Expense for $85 and a debit to Cash for $85.

5. When the Unearned Service Revenue account was reviewed, it was found that service revenue amounting to $506 was performed prior to June 30 (related to Unearned Service Revenue).

6. A debit posting to Salaries and Wages Expense of $851 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 $756 was debited to Salaries and Wages Expense for $756 and credited to Cash for $756.

Required - Prepare a correct trial balance.