(Solution) - The trial balance of Vail Co does not balance -(2025 Original AI-Free Solution)

Paper Details

The trial balance of Vail Co. does not balance.

Each of the listed accounts should have a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors.
1. Cash received from a customer on account was debited for $160, and Accounts Receivable was credited for the same amount. The actual collection was for $610.
2. The purchase of a computer printer on account for $850 was recorded as a debit to Supplies for $850 and a credit to Accounts Payable for $850.
3. Services were performed on account for a client for $460. Accounts Receivable was debited for $60 and Service Revenue was credited for $460.
4. A payment of $150 for internet charges was recorded as a credit to Office Expense for $150 and a credit to Cash for $150.
5. When the Unearned Service Revenue account was reviewed, it was found that service revenue amounting to $200 was performed prior to June 30.
6. A debit posting to Salaries and Wages Expense of $1,200 was omitted.
7. A payment on account for $350 was credited to Cash for $350 and credited to Accounts Payable for $350.
8. A dividend of $600 was debited to Salaries and Wages Expense for $600 and credited to Cash for $60.

Instructions
Prepare a correct trialbalance.