ocuments. cuments. unting system. revenue, ies. in column 3. matches each irst month of ne-year, 10% month. ary 4. nations. Ig- e incorrectly stof goods Required Prepare a corrected unadjusted trial balance. The following trial balance provided by Specialty Stores Inc. is not in balance. Account Cash Accounts receivable. Allowance for doubtful accounts. Inventory. Prepaid insurance. Land Equipment Accumulated depreciation Accounts payable. Interest payable Deferred revenue Notes payable. Common stock Retained earnings Sales. Salaries expense Operating expense. Interest expense.. Totals Debit $ 81,800 64,100 88,800 800 10,000 200,000 1,800 80,000 110,500 2,400 $640,200 Credit $ 2,300 60,000 36,500 500 100,000 140,000 28,000 272,100 $639,400 Upon a detailed examination of the accounting records, the following items were discovered. 1. A $1,200 posting (debit) to Inventory was omitted. 2. A $500 payment on account was debited to Operating Expense and credited to Cash. 3. A sale of $3,200 on account (supported by an invoice) was recorded as a debit to Accounts Receivable for $2,300 and a credit to Sales for $2,300. 4. The total amount of interest expense in the ledger is $4,000, instead of $2,400 incorrectly included in the trial balance. Exercise 2-38 Resolving Errors and Correct a Trial Balance L03

Required Prepare a corrected unadjusted trial balance: The following trial balance provided by Specialty Stores fnc, is not in balance. Exereise 2-38 Aleselving Enors and Correct a Tral Batance LOS Upon a detailed examination of the accounting records, the following items were discovered. 1. A $1,200 posting (debit) to Inventory was omitted. 2. A $500 payment on account was debited to Operating Expense and credised to Cash. 3. A sale of $3,200 on account (supported by an invoice) was recorded as a debit to Accounts Receivable for $2,300 and a credit to Sales for $2,300. 4. The total amount of interest expense in the ledger is $4,000, instead of $2,400 incorrectly included in the trial balance. Required Prepare a corrected unadjusted trial balance. The following trial balance provided by Specialty Stores Inc. is not in balance. Exercise 2-38 Rosolving Emons and Contect a Trial Balance LOS Upon a detailed examination of the accounting records, the following items were discovered. 1. A $1,200 posting (debit) to Inventory was omitted. 2. A $500 payment on account was debited to Operating Expense and credited to Cash. 3. A sale of $3,200 on account (supported by an invoice) was recorded as a debit to Accounts Receivable for $2,300 and a credit to Sales for $2,300. 4. The total amount of interest expense in the ledger is $4,000, instead of $2,400 incorrectly included in the trial balance