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Question 3: You are the bookkeeper of Lewis company, your manager asked you to prepare the TB for the first six months of 2019, unfortunately

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Question 3: You are the bookkeeper of Lewis company, your manager asked you to prepare the TB for the first six months of 2019, unfortunately your knowledge in accounting (1) is weak because you did not study and cheated in your exams and for that reason some account's balances in the trial balance contain some errors: Debit Credit $17,000 Cash Supplies Account receivables Equipment's Account payable Unearned service revenues $5,860 $18,000 $120,000 516,000 $15,000 L Www ENG 9:08 $80,000 $67,000 Share capital ordinary Retained earnings Service revenues Rent revenues Rent expense Utilities expense $106,000 $7000 $12,000 $4,500 And you have the following additional data: . All accounts have normal balances There is a transposition error in supplies and utilities expense, the correct amount is $5,680 and $5,400 respectively. A collection of an account due of $1,600 was journalized and posted as credit to account payable $1600 and credit to cash $1,600. Unearned revenues are overstated by $500. Rent expense is understated by $2,000. . I I Required: what is the correct balance of each of the following (please write Dr. or Cr. After the amount) A. Account payable B. Utilities expense c. Rent expense D. Service revenues

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