Reference no: EM13532931

This trial balance of Michels Co. does not balance.

MICHELS CO.  Trial Balance  June 30, 2012
	Debit	Credit
Cash		$3,090
Accounts Receivable	3,190
Supplies	800
Equipment	3,000
Accounts Payable		$3,686
Unearned Service Revenue	1200
Common Stock		9,000
Dividends	800
Service Revenue		3480
Salaries and Wages Expense	3,600
Utilities Expense	910
	$13,500	$19,256

Each of the listed accounts has 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 $780, and Accounts Receivable was credited for the same amount. The actual collection was for $870.

2. The purchase of a printer on account for $340 was recorded as a debit to Supplies for $340 and a credit to Accounts Payable for $340.

3. Services were performed on account for a client for $900. Accounts Receivable was debited for $90 and Service Revenue was credited for $900.

4. A debit posting to Salaries and Wages Expense of $700 was omitted.

5. A payment on account for $206 was credited to Cash for $206 and credited to Accounts Payable for $260.

6. Payment of a $600 cash dividend to Michels" stockholders was debited to Salaries and Wages Expense for $600 and credited to Cash for $600.

Instructions

Prepare the correct trial balance. (Hint:All accounts have normal balances.)