The trial balance of URNO 1 Child Care, Inc., does not balance.

The following errors are detected:

a. Cash is understated by $5,000.

b. A \($3,000\) debit to Accounts receivable was posted as a credit.

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

d. Equipment’s cost is \($78,200\) not $89,000.

e. Salary expense is overstated by $400.
Requirement 

1. Prepare the corrected trial balance at March 31, 2012. Journal entries are not required.

Transcribed Image Text:

URNO 1 CHILD CARE, INC. Trial Balance March 31, 2012 Account Debit Credit Cash $ 6,100 Accounts receivable 8,000 Supplies 800 Equipment 89,000 Accounts payable $ 56,000 Common stock 50,000 Dividends 2,200 Service revenue Salary expense Rent expense Total $ 110,400 $110,200 4,200 3,600 700