The following Trial Balance was prepared incorrectly.

a. Rearrange the accounts in proper order.

b. Calculate the total of the Trial Balance. (Small numbers are used inten¬ tionally so that you can do the calculations in your head.) Assume each account has a normal balance.

Correcting Entry On May 1, 2001, a telephone expense for $ 180 was debited to Repair Expense. On June 12, 2002, this error was found. Prepare the corrected Journal Entry. When would a correcting entry not be needed? LO.1

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LARKIN CO. TRIAL BALANCE OCTOBER 31, 200X Dr. Cr. B. Larkin, Capital 14 Equipment 9 Rent Expense Advertising Expense Accounts Payable Taxi Fees Cash B. Larkin, Withdrawals Totals 438 59 6716 56 19