Current Attempt in Progress The following trial balance of Riverbed Corporation does not balance Cash Accounts Receivable Supplies Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Office Expense 2 4 RIVERBED CORPORATION TRIAL BALANCE JUNE 30, 2020 Debit $7,087 3. 50 7,240 3,775 10,400 4.520 $33.022 An examination of the ledger shows these errors Cash received from a customer on account was recorded (both debit and credit) as $1.260 Instead of $1,620. The purchase on account of a computer costing $3.200 was recorded as a debit to Office Expense and a credit to Accounts Payable, Credit $8,132 12.000 9,700 6740 $30572 Services were performed on account for a client, $2,500 for which Accounts Receivable was debited $2,500 and Service Revenue was credited: A payment of $70 for telephone charges was entered as a debit to Office Expense and a debit to Cash The Service Revenue account was totaled at $5,900 instead of $5.960

Current Attempt in Progress The following trial balance of Riverbed Corporation does not balance Cash Accounts Receivable Supplies Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Office Expense 2 4 RIVERBED CORPORATION TRIAL BALANCE JUNE 30, 2020 Debit $7,087 3. 50 7,240 3,775 10,400 4.520 $33.022 An examination of the ledger shows these errors Cash received from a customer on account was recorded (both debit and credit) as $1.260 Instead of $1,620. The purchase on account of a computer costing $3.200 was recorded as a debit to Office Expense and a credit to Accounts Payable, Credit $8,132 12.000 9,700 6740 $30572 Services were performed on account for a client, $2,500 for which Accounts Receivable was debited $2,500 and Service Revenue was credited: A payment of $70 for telephone charges was entered as a debit to Office Expense and a debit to Cash The Service Revenue account was totaled at $5,900 instead of $5.960

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.23E: Unusual income statement items Assume that the amount of each of the following items is material to...

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