E3-4B (Corrected Trial Balance) The trial balance of Vail Co.

E3-4B (Corrected Trial Balance) The trial balance of Vail Co. does not balance.

                                                                           VAIL CO.

                                                                         TRIAL BALANCE

                                                                         JUNE 30, 2014

                                                        Debit                                  Credit

Cash                                                                                        $ 1,650

Accounts Receivable                     $ 8,618

Supplies                                           1,200

Equipment                                       7,800

Accounts Payable                                                                      5,600

Unearned Service Revenue                  600

Common Stock                                                                       10,000

Retained Earnings                                                                      2,038

Service Revenue                                                                        7,950

Salaries and Wages Expense            2,100

Office Expense                               1,380

                                                   $21,698                              $27,238

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. Adividend of $600 was debited to Salaries and Wages Expense for $600 and credited to Cash for $60.

Instructions: Prepare a correct trial balance. (Note: It may be necessary to add one or more accounts to the trial balance.)