Clark Cable Inc. joe Edmonds, CPA, was retained by Clark Cable Inc. to prepare financial statements

Clark Cable Inc. joe Edmonds, CPA, was retained by Clark Cable Inc. to prepare financial statements

Question

Joe Edmonds, CPA, was retained by Clark Cable Inc. to prepare financial statements for April 2011. Edmonds accumulated all the ledger balances per Clark's records and found the following.

Clark Cable Inc.

Trial Balance

April 30, 2011

Dr.

Cr.

Cash

$4,800

Accounts Receivable

3,900

Supplies

1,500

Equipment

11,300

Accumulated Depreciation

$2,050

Accounts Payable

2,800

Salaries Payable

770

Unearned Revenue

1,590

Common Stock

10,000

Retained Earnings

3,600

Service Revenue

6,150

Salaries Expense

4,000

Advertising Expense

670

Miscellaneous Expense

290

Depreciation Expense

500

$26,960

$26,960

Joe Edmonds reviewed the records and found the following errors.

1. Cash received from a customer on account was recorded as $840 instead of $480.

2. A payment of $135 for advertising expense was entered as a debit to Miscellaneous Expense $135 and a credit to Cash $135.

3. The first salary payment this month was for $1,970, which included $770 of salaries payable on March 31. The payment was recorded as a debit to Salaries Expense $1,970 and a credit to Cash $1,970. (No reversing entries were made on April 1.)

4. The purchase on account of a printer costing $360 was recorded as a debit to Supplies and a credit to Accounts Payable for $360.

5. A cash payment of repair expense on equipment for $75 was recorded as a debit to Equipment $57 and a credit to Cash $57.














Prepare a correct trial balance.(If answer is zero, please enter 0. Do not leave any fields blank.)

Clark Cable Inc.

Trial Balance

April 30, 2011

Dr.

Cr.



Cash

Accounts Receivable

Supplies

Equipment

Accumulated Depreciation

Accounts Payable

Salaries Payable

Unearned Revenue

Common Stock

Retained Earnings

Service Revenue

Salaries Expense

Advertising Expense

Miscellaneous Expense

Repair Expense

Depreciation Expense