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Errors in Trial Balance An Unadjusted Trial Balance for Mascot Co. for the month ending July 31, 2019, is provided below. Mascot Co. Unadjusted Trial

Errors in Trial Balance

An Unadjusted Trial Balance for Mascot Co. for the month ending July 31, 2019, is provided below.

Mascot Co. Unadjusted Trial Balance For the Month Ending July 31, 2019
Debit Balances Credit Balances
Cash 88,500
Accounts Receivable 193,840
Prepaid Insurance 41,940
Equipment 592,000
Accounts Payable 22,370
Salaries Payable 14,910
Ken Frye, Capital 507,900
Ken Frye, Drawing 70,820
Fees Earned 931,900
Salary Expense 387,470
Advertising Expense 84,800
Miscellaneous Expense 17,710
1,804,170 1,804,170

Identify the errors in the above trial balance. All accounts have normal balances.

After identifying the errors, prepare a corrected unadjusted trial balance. For those boxes in which no entry is required, leave the box blank.

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