Business
Business, 31.07.2019 21:30, Petlover6975

Cash received before services are performed may be recorded as a debit to a cash account and a credit to a liability account is calleda. an unearned revenueb. an accrued revenue. c. accounts payabled. none of these answer choices are correct. e. an unrecorded revenue

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Business, 08.11.2019 00:31, ash34321
The trial balance of watteau co. does not balance. watteau co. trial balance june 30, 2014 debit credit cash $? 2,870 accounts receivable $? 3,231 supplies 800 equipment 3,800 accounts payable 2,666 unearned service revenue 1,200 common stock 6,000 retained earnings 3,000 service revenue 2,380 salaries and wages expense 3,400 office expense 940 $13,371 $16,916 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 $570, and accounts receivable was credited for the same amount. the actual collection was for $750. 2. the purchase of a computer printer on account for $500 was recorded as a debit to supplies for $500 and a credit to accounts payable for $500. 3. services were performed on account for a client for $890. accounts receivable was debited for $890 and service revenue was credited for $89. 4. a payment of $65 for telephone charges was recorded as a debit to office expense for $65 and a debit to cash for $65. 5. when the unearned service revenue account was reviewed, it was found that service revenue amounting to $325 was performed prior to june 30 (related to unearned service revenue). 6. a debit posting to salaries and wages expense of $670 was omitted. 7. a payment on account for $206 was credited to cash for $206 and credited to accounts payable for $260. 8. a dividend of $575 was debited to salaries and wages expense for $575 and credited to cash for $575. prepare a corrected trial balance?
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