*3,600 of insurance expired during the year.

Identify the errors in the accountant's adjusting entries by preparing a corrected adjusted trial balance. Assume that none of the accounts were affected by more than one adjusting entry. If an amount box does not require an entry, leave it blank.

May 31, 2019 Unadjusted Debit Credit Balances Balances Adjusted Debit Credit Balances Balances 7,500 23,250 6,750 Cash 7,500 Accounts Receivable Laundry Supplies 18,250 3,750 5,200 190,000 Prepaid Insurance* 1,600 177,000 Laundry Equipment Accumulated Depreciation-Laundry Equipment 48,000 48,000 9,600 Accounts Payable 9,600 Wages Payable Common Stock Retained Earnings 35,000 75,300 1,000 35,000 75,300 Dividends 28,775 28,775 182,100 182,100 Laundry Revenue Wages Expense 49,200 49,200 Rent Expense 25,575 25,575 18,500 Utilities Expense 18,500 Depreciation Expense Laundry Supplies Expense Insurance Expense 13,000 3,000 Miscellaneous Expense 3,250 600 3,250 358,000 350,000 350,000 351,000 May 31, 2049 Debit Balances Credit Balances Cash 7,500 Accounts Receivable 23,250 Laundry Supplies Prepaid Insurance 1,600 Laundry Equipment Accumulated Depreciation-Laundry Equipment Accounts Payable 9,600 Wages Payable 1,000 35,000 Common Stock Retained Earnings 75,300 Dividends 28,775 Laundry Revenue 182,100 X Wages Expense 50,200 25,575 Rent Expense Utilities Expense 18,500 Depreciation Expense 13,000 3,000 Laundry Supplies Expense Insurance Expense Miscellaneous Expense 3,250 Totals