Creative Tots Child Care

Trial Balance

August $31,2024$

Balance

Account Title

Debit

Credit

Cash

$$7,810$

Accounts Receivable

$8,500$

Office Supplies

$1,200$

Prepaid Insurance

$2,500$

Equipment

$86,100$

Accounts Payable

$$3,400$

Notes Payable

$54,000$

Tarrago, Capital

$51,000$

Tarrago, Withdrawals

$4,190$

Service Revenue

$6,600$

Salaries Expense

$5,400$

Rent Expense

$1,100$

Total

$$116,800$

$$115,00$

a$.$Cash is understated by $ $1,400$

b$.$A $ $3,700$ debit to Accounts Receivable was posted as a credit.

c$.$A $ $1,300$ purchase of office supplies on account was neither journalized nor posted.

d$.$Equipment was incorrectly transferred from the ledger as $ $86,100.$ It should have been transferred as $ $78,000.$

e$.$Salaries Expense is overstated by $ $800.$

f$.$A $ $500$ cash payment for advertising expense was neither journalized nor posted.

g$.$A $ $210$owner$\text{'}$s withdrawal of cash was incorrectly journalized as $ $2,100.$

h$.$Service Revenue was understated by $ $3,700.$

i$.$A$12-$month insurance policy was posted as a $ $1,000$ credit to Prepaid Insurance. Cash was posted correctly.