(Learning Objective 4: 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 $400 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct.

b. Posted a $3,000 credit to Accounts Payable as $300.

c. Did not record utilities expense or the related account payable in the amount of $500.

d. Understated Share Capital by $500.

e. Omitted Insurance Expense of $3,000, from the trial balance.

❙ Requirement 1. Prepare the correct trial balance at September 30, 20X6, complete with a heading.

Journal entries are not required.