Errors in Trial Balance The following preliminary unadjusted trial balance of Ranger Co., a sports ticket agency, does not balance: Ranger Co. Unadjusted Trial Balance August 31, 20Y1 Debit Balances Credit Balances Cash 50,730 Accounts Receivable 23,840 Prepaid Insurance 8,570 Equipment 8,000 < Accounts Payable 13,900 Unearned Rent 3,090 Common Stock 35,560 Retained Earnings 51,700 Dividends 10,700 Service Revenue 89,790 Wages Expense 45,000 Advertising Expense 7,710 Miscellaneous Expense 1,520 ETA Wages Expense Advertising Expense Miscellaneous Expense Totals 7,710 188,240 45,000 1,520 161,870 v * When the lodger and other records are reviewed, you discover the following: (1) the debits and credits in the cash account total $50,730 and $36,420, respectively; (2) a billing of $2,690 to a customer on account was not posted to the accounts receivable account; (3) a payment of $1,930 made to a creditor on account was not posted to the accounts payable account; (4) the balance of the unearned rent account is $5,320; (5) the correct balance of the equipment account is $80,000; and (6) each account has a normal balance, Prepare a corrected unadjusted trial balance. For those boxes in which no entry is required, leave the box blank. Ranger Co. Unadjusted Trial Balance August 31, 2011 Debit Balances Credit Balances Cosh Accounts Receivable Prepaid Insurance Equipment Accounts Payable Unearned Rent Common Sh Check My Work 30,730 X Cash Accounts Receivable Prepaid Insurance Equipment Accounts Payable Unearned Rent Common Stock Retained Earnings Dividends Service Revenue Wages Expense Advertising Expense Miscellaneous Expense 50,730 X Feedback