The following trial balance for Mayfield Counseling Center, Inc., does not balance:

The following errors were detected:

a. The cash balance is overstated by \(\$ 300\).

b. Property tax expense of \(\$ 500\) was omitted from the trial balance.

c. Land should be listed in the amount of \(\$ 23,000\).

d. A \(\$ 200\) purchase of supplies on account was neither journalized nor posted.

e. A \(\$ 2,800\) credit to Counseling Service Revenue was not posted.

f. Rent expense of \(\$ 200\) was posted as a credit rather than a debit g. The balance of Advertising Expense is \(\$ 600\), but it was listed as \(\$ 500\) on the trial balance.
h. A \(\$ 300\) debit to Accounts Receivable was posted as \(\$ 30\).
i. The balance of Utilities Expense is overstated by \(\$ 70\).
j. A \(\$ 900\) debit to the Dividends account was posted as a debit to Common Stock.
\section*{Required}
Prepare the correct trial balance at June 30. Journal entries are not required.

Transcribed Image Text:

MAYFIELD COUNSELING CENTER, INC. TRIAL BALANCE JUNE 30, 19X2 Cash.............. $ 2,000 Accounts receivable........ 10,000 Supplies......... 900 Office furniture 3,600 Land 25,000 Accounts payable...... $ 4,000 Note payable 14,000 Common stock......... 18,600 Dividends. 2,000 Counseling service revenue. 6,500 Salary expense. 1,600 Rent expense 1,000 Advertising expense.. 500 Utilities expense... 300 Property tax expense. 100 Total..... $47,000 $43,100