|
Cash |
$ 4,200 |
|
|
Account receivable |
13,000 |
|
|
Inventory |
17,000 |
|
|
Supplies |
600 |
|
|
Land |
55,000 |
|
|
Account payble |
$ 12,000 |
|
|
Common stock |
47,900 |
|
|
Service revenue |
32,100 |
|
|
Salary expense |
1,700 |
|
|
Rent expense |
800 |
|
|
Utilities expense |
700 |
|
|
Total |
$ 93,000 |
$ 92,000 |
The accounting records hold the following errors:
a. Recorded a $1,000 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct.
b. Posted a $1,000 credit to Accounts Payable as $100.
c. Did not record utilities expense or the related account payable in the amount of $200.
d. Understated Common Stock by $1,100.
e. Omitted Insurance Expense of $1,000 from the trial balance.
Instructions:
Prepare the correct trial balance at September 30, 20X3, complete with a heading.
Journal entries are not required.