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P2-33A Correcting errors in a trial balance The trial balance of Creative Child Care does not balance. CREATIVE CHILD CARE Trial Balance August 31, 2017
P2-33A Correcting errors in a trial balance The trial balance of Creative Child Care does not balance. CREATIVE CHILD CARE Trial Balance August 31, 2017 Balance Account Title Debit Credit 6,840 Accounts Receivable 7,200 Office Supplies Prepaid Insurance Equipment 84,300 Accounts Payable 3,100 Notes Payable 47,000 Tarrago, Capital Tarrago, Withdrawals Service Revenue 10,000 Salaries Expense Rent Expense S 109,900 110,100 The following errors are detected: a. Cash is understated by $1,400 b. A $3,900 debit to Accounts Receivable was posted as a credit. A $1,300 purchase of office supplies on account was neither journalized nor d. Equipment was incorrectly transferred from the ledger as $84,300. It should have been transferred as $76,500
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