prepare a correct trial balance

Your review of the ledger reveals that each account has a normal balance. You also discover the following errors. 1. The totals of the debit sides of Prepaid Insurance, Accounts Payable, and Utilities Expense were each understated $100. 2. Transposition errors were made in Accounts Receivable and Service Revenue. Based on postings made, the correct balances were $2,370 and $8,760, respectively. 3. A debit posting to Salaries and Wages Expense of $200 was omitted. 4. A $1,100 cash dividend was debited to Common Stock for $1,100 and credited to Cash for $1,100. 5. A $460 purchase of supplies on account was debited to Equipment for $460 and credited to Cash for $460. 6. A cash payment of $490 for advertising was debited to Advertising Expense for $49 and credited to Cash for $49. 7. A collection from a customer for $460 was debited to Cash for $460 and credited to Accounts Payable for $460. Prepare a correct trial balance. (Hint: it helps to prepare the correct journal entry for the transaction described and compare it to the mistake made.)