The Trial Balance of Drysdale Company Shown Below Does Not

Essay

The trial balance of Drysdale Company shown below does not balance. An examination of the ledger and journal reveals the following errors:
1. Each of the above listed accounts has a normal balance per the general ledger.
2. Cash of ₤170 received from a customer on account was debited to Cash ₤710 and credited to Accounts Receivable ₤710.
3. A dividend of ₤300 was posted as a credit to Dividends, ₤300 and credit to Cash ₤300.
4. A debit of ₤120 was not posted to Salaries and Wages Expense.
5. The purchase of equipment on account for ₤700 was recorded as a debit to Maintenance and Repairs Expense and a credit to Accounts Payable for ₤700.
6. Services were performed on account for a customer, ₤310, for which Accounts Receivable was debited ₤310 and Service Revenue was credited ₤31.
7. A payment on account for ₤225 was credited to Cash for ₤225 and credited to Accounts Payable for ₤252.
Instructions
Prepare a correct trial balance.