E 12A Correcting Errors in a Trial Balance LO4 Hasson Services' trial balance at the end of July 2014 follows. It does not balance because of a number of errors. Hasson's accountant compared the amounts in the trial balance with the ledger, recomputed the account balances, and compared the postings. He found the following errors: a. The balance of Cash was understated by $400. b. A cash payment of $210 was credited to Cash for $120. c. A debit of $60 to Accounts Receivable was not posted. d. Supplies purchased for $30 were posted as a credit to Supplies. e. A debit of $90 to Prepaid Insurance was not posted. f. The Accounts Payable account had debits of $2,660 and credits of $4,590. g. The Notes Payable account, with a credit balance of $1,200, was not included on the trial balance. h. The debit balance of N. Hasson, Withdrawals was listed in the trial balance as a credit. 1. A $100 debit to N. Hasson, Withdrawals was posted as a credit. 1. The actual balance of Utilities Expense, $130, was listed as $13 in the trial balance. Hasson Services Focus