S2-11 Correcting a trial balance [10 min] Brenda Longval Travel Design, Inc., prepared its trial balance. Suppose Longval made an error: She erroneously listed common stock of $30,600 as a debit rather than a credit.

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S2-11 Correcting a trial balance [10 min] Brenda Longval Travel Design, Inc., prepared its trial balance. Suppose Longval made an error: She erroneously listed common stock of $30,600 as a debit rather than a credit.


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Requirement
1. Compute the incorrect trial balance totals for debits and credits. Then show how to correct this error.