Mascot Co. Unadjusted Trial Balance For the Month Ending July 31, 2016 Debit Balances Credit Balances Cash 36,000 Accounts Receivable 112,600 Prepaid Insurance 18,000 Equipment 375,000 Accounts Payable 53,300 Salaries Payable 7,500 Samuel Parson, Capital 297,200 Samuel Parson, Drawing 17,000 Service Revenue 682,000 Salary Expense 396,800 Advertising Expense 73,000 Miscellaneous Expense 11,600 1,189,300 1,189,300

Identify the errors in the trial balance provided and prepare a corrected trial balance. All accounts have normal balances.