Prepare Corrected Trial Balance

Prepare journal entries to record each errors transactions for the month

the trial balance of the Sterling Company show does not in balance. Trial Balance May 31, 2016 Observations Debit Credit Cash $5,850 $ Account Receivable 2,750 700 8,000 4500 560 11,700 Prepaid Insurance Equipment Account Payable Property Taxes Payable M. Sterling, Capital Service Revenue Salaries Expenses Advertising Expenses Property Tax Expenses Total 6,690 4,200 1,100 800 26,800 20,050 Each account has a normal balance. You also discover the following error: a) The totals of the debits side of Prepaid Insurance, Account Payable, and Property Tax Expenses were each understated $100 b) Transposition errors were made in Account Receivable and Service Revenue; the correct balance were $2,570 and $6,960 respectively. c) A debit posting to Salaries Expenses of $200 was omitted. d) A $1,000 cash drawing by owner was debited to M. Sterling, Capital for $1,000 and credited to Cash for $1,000. e) A $520 purchase of supplies on account was debited to Equipment for $520 and credited to Cash for $520. f) A cash payment of $450 for advertising was debited to Advertising Expenses for $45 and credited to Cash for $45. g) A collection from costumer for $210 was debited to Cash for $210 and credited to Accounts Payable for $210 Prepare a correct Trial Balance. Prepare journal entries to record each errors transactions for the month