The Following Trial Balance Was Prepared from the General Ledger

Essay

The following trial balance was prepared from the general ledger of Hal's Auto Repair.
$\begin{array}{c} \text {HAL'S AUTO REPAIR}\\ \text {Trial Balance}\\ \text {October 31}\\\begin{array}{|l|r|l|}\hline & \text { Debit } & \text { Credit } \\\hline \text { Cash } & \$ 975 & \\\hline \text { Accounts receivable } & 3,800 & \\\hline \text { Supplies } & 500 & \\\hline \text { Repair equipment } & 13,000 & \\\hline \text { Office equipment } & 6,600 & \\\hline \text { Accounts payable } & & \$ 4,510 \\\hline \text { Common stock } & & 10,000 \\\hline \text { Retained earnings } & & 13,000 \\\hline \text { Dividends } & 4,200 & \\\hline \text { Repair fees earned } & & 10,875 \\\hline \text { Supplies expense } &8,600 \\\hline \text { Totals }& \$ 37,600 & \$ 38,385 \\\hline\end{array}\end{array}$

Since the trial balance did not balance,you decided to examine the accounting records.You found that the following errors had been made:
1.A purchase of supplies on account for $245 was posted as a debit to Supplies and as a debit
to Accounts Payable.
2.An investment of $500 cash by the owner was debited to Common Stock and credited to
Cash.
3.In computing the balance of the Accounts Receivable account,a debit of $600 was omitted
from the computation.
4.One debit of $300 to the Dividends account was posted as a credit.
5.Office equipment purchased for $800 was posted to the Repair Equipment account.
6.One entire entry was not posted to the general ledger.The transaction involved the receipt
of $125 cash at the time repair services were performed.
Prepare a corrected trial balance for the Hal's Auto Repair as of October 31.