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 $360 received from a customer on account was debited to Cash $630 and credited to Accounts Receivable $630.
3. A withdrawal of $300 by the owner was posted as a credit to Drysdale, Drawing, $300 and credit to Cash $300.
4. A debit of $300 was not posted to 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 $225 was credited to Cash for $225 and credited to Accounts Payable for $252.
Instructions
Prepare a correct trial balance.