Joe Edmonds, CPA, was retained by Clark Cable Inc.

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.

Joe Edmonds reviewed the records and found the following errors.

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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.

<pclass=”msonormal” style=”color: rgb(0, 0, 0); font-family: Verdana, arial, sans-serif; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;”>Prepare a correct trial balance.(If answer is zero, please enter 0. Do not leave any fields blank.)