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P2-33A Correcting errors in a trial balance The trial balance of Beautiful Tots Child Care does not balance. BEAUTIFUL TOTS CHILD CARE Trial Balance August
P2-33A Correcting errors in a trial balance The trial balance of Beautiful Tots Child Care does not balance. BEAUTIFUL TOTS CHILD CARE Trial Balance August 31, 2018 Balance Debit Account Title Credit Cash 7,900 6,700 Accounts Receivable Office Supplies 1,000 Prepaid Insurance 300 Equipment 91,500 3,400 Accounts Payable Notes Payable 45,000 57,000 Trumball, Capital 5,000 Trumball, Withdrawals Service Revenue 12,350 4,400 Salaries Expense Rent Expense 750 Total 117,550 S117,750 The following errors are detected: a. Cash is understated by $1,500. b. A $4,100 debit to Accounts Receivable was posted as a credit. c. A $1,400 purchase of office supplies on account was neither journalized nor posted d. Equipment was incorrectly transferred from the ledger as $91,500. It should have been transferred as $83,000. e. Salaries Expense is overstated by $700. f. A $300 cash payment for advertising expense was neither journalized nor posted. A $200 owner's withdrawal of cash was incorrectly journalized as $2,000. g. h. Service Revenue was understated by $4,100. i. A 12-month insurance policy was posted as a $1,900 credit to Prepaid Insurance. Cash was posted correctly Prepare the corrected trial balance as of August 31,2018. Journal entries are not required
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