The trial balance of St. James, Inc., at September 30, 2021, does not balance. 

The accounting records hold the following errors:

a. Recorded a $400 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct.

b. Posted a $4,000 credit to Accounts Payable as $400.

c. Did not record utilities expense or the related account payable in the amount of $600.
d. Understated Common Stock by $400.

e. Omitted Insurance Expense of $5,400 from the trial balance.

Requirement

Prepare the corrected trial balance at September 30, 2021, complete with a heading. Journal entries are not required.

Transcribed Image Text:

Cash............... Accounts receivable.. Inventory... Supplies Land......... Accounts payable. Common stock.. Service revenue. Salary expense. Rent expense. Utilities expense Total $ 14,400 13,300 17,500 300 55,600 1,900 300 1,100 $104,400 $11,500 47,900 46,400 $105,800