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Question 2 [15 points] The trial balance for Sundown Co. shown below does not balance. Each of the listed accounts has a normal balance per

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Question 2 [15 points] The trial balance for Sundown Co. shown below does not balance. Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors: a) A credit posting to Interest Earned of $430 was omitted. b) A payment of a balance due for $390 was credited to Cash for $390 and debited to Accounts Payable for $930. c) A collection from a customer for $370 was debited to Cash for $370 and credited to Accounts Payable for $370. d) A Cash payment of $500 for rent was debited to Rent Expense for $540 and credited to Cash for $540. e) The totals of the credit sides of Interest Earned, Commissions Earned, and Rent Earned were each understated $390. Accounts from incorrect Trial Balance. Account Cash Accounts receivable Prepaid interest Prepaid advertising. Prepaid rent Furniture Machinery Accounts payable Interest payable Unearned consulting revenue Unearned rent Balance 8.960 18,370 12,000 3,700 9,000 12,000 1,500 10,330 11,100 4,500 3,000 Complete the corrected Trial Balance below: Sundown Co. Trial Balance September 30, 2014 Debit Credit Cash Accounts receivable. Prepaid interest Prepaid advertising Prepaid rent Furniture Machinery Accounts payable Sundown Co. Trial Balance September 30, 2014 Debit Credit Cash Account Cash Accounts receivable Prepaid interest Prepaid advertising Prepaid rent Furniture Machinery Accounts payable Interest payable Uneared consulting revenue Unearned rent Share capital Dividends Consulting revenue earned Commissions earned Rent earned Interest earned Insurance expense Rent expense Office supplies expense, Advertising expense. Balance 8,960 18,370 12,000 3,700 9,000 12,000 1,500 10,330 11.100 4,500 3,000 18,900 18,900 3,000 29,610 14,610 11,280 7,500 6,040 4,500 6,000 Accounts receivable Prepaid interest Prepaid advertising Prepaid rent Furniture Machinery Accounts payable Interest payable Unearned consulting revenue Unearned rent Share capital Dividends Consulting revenue earned Commissions earned Rent earned Interest earned Insurance expense Rent expense Office supplies expense Advertising expense Totals

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