Imperial Carpet has the following unadjusted trial balance as of March 31, 2012.

The debit and credit totals are not equal as a result of the following errors:
a. The balance of cash was understated by $12,000.
b. A cash receipt of $13,900 was posted as a debit to Cash of $19,300.
c. A debit of $15,000 to Accounts Receivable was not posted.
d. A return of $90 of defective supplies was erroneously posted as a $900 credit to Supplies.
e. An insurance policy acquired at a cost of $2,500 was posted as a credit to Prepaid Insurance.
f. The balance of Notes Payable was understated by $35,200.
g. A credit of $7,600 in Accounts Payable was overlooked when determining the balance of the account.
h. A debit of $10,000 for a withdrawal by the owner was posted as a credit to Leonardo Pepin, Capital.
i. The balance of $116,200 in Rent Expense was entered as $112,600 in the trial balance.
j. Gas, Electricity, and Water Expense, with a balance of $48,300 was omitted from the trial balance.

Instructions
1. Prepare a corrected unadjusted trial balance as of March 31, 2012.
2. Does the fact that the unadjusted trial balance in (1) is balanced mean that there are no errors in the accounts?Explain.

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Imperial Carpet Unadjusted Trial Balance March 31, 2012 Debit Balances Balances Credit 38,200 81,000 16,690 3,600 392,000 Cash Supplies Prepaid Insurance. Notes Payable Accounts Payable Leonardo Pepin, Capital. 200,000 54,000 254,300 116,000 Fees Earned. 858,900 Wages Expense.. Rent Expense 490,000 112,600 50,400 10,200 Miscellaneous Expense 508,300