E2-22A. (Learning Objective 5: Correcting errors in a trial balance) The trial balance of Carver, Inc., at September 30, 20X6, does not balance:

The accounting records hold the following errors:

a. Recorded a $500 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct.

b. Posted a $2,000 credit to Accounts Payable as $200.

c. Did not record utilities expense or the related account payable in the amount of $1,000.

d. Understated Share Capital by $1,400.

e. Omitted Insurance Expense of $4,000 from the trial balance.
Requirement 1. Prepare the correct trial balance at September 30, 20X6, complete with a heading. Journal entries are not required.

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Cash........... Accounts receivable.............. Inventory.. Supplies......... Land............. Accounts payable Share capital...... Service revenue.. Salary expense.. Rent expense. Utilities expense Total........ $ 4,200 13,200 16,700 100 52,100 $ 11,800 45,000 32,500 1,200 1,400 500 $ 89,400 $ 89,300