(Corrected Trial Balance) The trial balance of Wanda Landowska Company shown below does not balance. Your review of the ledger reveals the following:

(a) Each account had a normal balance.

(b) The debit footings in Prepaid Insurance, Accounts Payable, and Property Tax Expense were each understated $100.

(c) A transposition error was made in Accounts Receivable; the correct balances for Accounts Receivable and Service Revenue are $2,750 and $6,690, respectively.

(d) A debit posting to Advertising Expense of $300 was omitted.

(e) A $1,500 cash drawing by the owner was debited to Wanda Landowska, Capital, and credited to Cash.

Instructions Prepare a correct trial balance.

Transcribed Image Text:

WANDA LANDOWSKA COMPANY TRIAL BALANCE APRIL 30, 2005 Debit Credit Cash $ 4,800 Accounts Receivable 2,570 Prepaid Insurance 700 Equipment $ 8,000 Accounts Payable 4,500 Property Tax Payable 560 Wanda Landowska, Capital 11,200 Service Revenue 6,960 Salaries Expense 4,200 Advertising Expense 1,100 Property Tax Expense 800 $20,890 $24,500