0 Hint: Correct all improper postings of debits and credits in your solution. Note: Do not use negative sign in your answers. Unadjusted Trial Balance Corrected Unadjusted Trial Balance Accounts Debit Credit Debit Credit Cash $ 142,252 $ $ 142252 $ 0 Accounts receivable 124,000 117116 0 Allowance for doubtful accounts (8,000) 8000 Inventory 72,000 0 80000 Equipment 726,000 756000 0 Accumulated depreciation 48,000 0 48000 Accounts payable 72,000 0 72000 Notes payable 100,000 0 100000 Common stock 720,000 0 720000 Retained earnings 56,000 0 56000 Revenues 300,000 0 276000 Expenses 240,000 202000 Net earnings $1,296,252 $1,296,000 $ 1217368 $ 1360000 BusinessCourse Return to course SL Question Answer and Marked out of 2.00 Par vestion Resolving Errors and Correcting a Trial Balance Assume we examine the accounts of Century Inc. and identify the following four errors 1. Equipment purchased for $30,000 at year-end was debited to Expenses 2. Sales on credit of $3,316 were debited to Accounts Receivable for $3,568 and credited to Revenues for $3,316. 3. A $24,000 cash collection on accounts receivable was debited to Cash and credited to Revenues 4. The inventory amount is understated by $8.000 because the entry to record the purchase of inventory was incorrectly recorded in cost of goods sold (cost of goods sold is included The unadjusted trial balance of Century Inc. is provided below. Prepare a corrected unadjusted trial balance. Hint: Correct all improper postings of debits and credits in your solution Note: Do not use negative sign in your answers