The trial balance of Love to Learn Child Care does not balance

The following errors are detected:

a. Cash is understated by $1,800.

b. A $3,800 debit to Accounts Receivable was posted as a credit.

c. A $1,000 purchase of office supplies on account was neither journalized nor posted.

d. Equipment was incorrectly transferred from the ledger as $90,400. It should have been transferred as $82,500

e. Salaries Expense is overstated by $350.

f. A $300 cash payment for advertising expense was neither journalized nor posted.

g. A $160 cash dividend was incorrectly journalized as $1,600.

h. Service Revenue was understated by $4,000.

i. A 12-month insurance policy was posted as a $1,400 credit to Prepaid Insurance.
Cash was posted correctly.
Prepare the corrected trial balance as of May 31, 2024. Journal entries are not required.

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LOVE TO LEARN CHILD CARE Trial Balance May 31, 2024 Account Title Cash Accounts Receivable Office Supplies Prepaid Insurance Equipment Accounts Payable Notes Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense Total Balance Debit $ 8,060 8,700 1,000 1,700 90,400 3,740 4,350 400 $ 118,350 Credit $ 3,000 45,000 54,000 16,300 $ 118,300