The Trial Balance of Red House Painters Shown Below Does

Essay

The trial balance of Red House Painters shown below does not balance. $\begin{array}{c} \text { RED HOUSE PAINTERS}\\ \text { Trial Balance}\\ \text { June 30,2016}\\\\\begin{array}{lrr}&\text { Debit }&\text { Credit }\\ \text { Cash } &\$2,780\\ \text {Accounts Receivable } &7,420\\ \text { Supplies. } 600\\ \text { Equipment. } &8,300\\ \text { Accounts Payable } &&\$9,777\\ \text {Owner's Capital } &&1,952\\ \text {Owner's Drawings } &1,300\\ \text { Service Revenue. } &&15,200\\ \text { Salaries and Wages Expense } 3,800\\ \text {Maintenance and Repairs Expense } &1,600\\ \text { Totals } &\$25,800&\$26,929\\\end{array}\end{array}$
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 $270 received from a customer on account was debited to Cash $720 and credited to Accounts Receivable $720.
3. A withdrawal of $400 by the owner was posted as a credit to Owner's Drawings $400 and credit to Cash $400.
4. A debit of $300 was not posted to Salaries and Wages Expense.
5. The purchase of equipment on account for $700 was recorded as a debit to Repair Expense and a credit to Accounts Payable for $700.
6. Services were performed on account for a customer $510 for which Accounts Receivable was debited $510 and Service Revenue was credited $51.
7. A payment on account for $235 was credited to Cash for $235 and credited to Accounts Payable for $253.
Instructions
Prepare a correct trial balance.