A newly graduated accountant prepared the following trial balance for Pharoah Company at March 31. Credit by Study PHAROAH COMPANY Trial Balance March 31 Debit Cash $23,470 Accounts receivable 34,010 Supplies 1,610 Notes payable Accounts payable Unearned revenue D. Losier, capital D. Losier, drawings 15,270 Service revenue Insurance expense 500 Interest expense 6,710 Rent expense 15,600 Salaries expense 39,230 Supplies expense 1,840 Utilities expense 2,610 Total $140,850 $20,770 20,463 4,900 29,100 65,410 $140,643 A review shows that the accountant made the following errors in the accounting records: Study 1. A review shows that the accountant made the following errors in the accounting records: Recorded a $2,490 receipt as a credit to accounts receivable rather than service revenue. Posted a $1,430 drawing by Losier as salary expense. Recorded a $1,070 payment on accounts payable as $107, the credit to cash was correctly posted. Recorded a $5,270 payment on the note payable as a debit to interest expense and a credit to cash. Recorded one of the monthly rent expense payments of $130 as a credit to cash and a debit to rent expense of $1,300. Prepare the correct trial balance at March 31. 2. 3. 4. 5