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The accountant for Evas Laundry prepared the following unadjusted and adjusted trial balances. Assume that all balances in the unadjusted trial balance and the amounts

The accountant for Evas Laundry prepared the following unadjusted and adjusted trial balances. Assume that all balances in the unadjusted trial balance and the amounts of the adjustments are correct.

Evas Laundry

Trial Balances

May 31, 2018

1

Unadjusted

Unadjusted

Adjusted

Adjusted

2

Debit Balances

Credit Balances

Debit Balances

Credit Balances

3

Cash

$7,565.00

$7,565.00

4

Accounts receivable

18,710.00

23,570.00

5

Laundry Supplies

3,700.00

6,455.00

6

Prepaid Insurance*

5,655.00

2,525.00

7

Laundry Equipment

193,800.00

181,125.00

8

Accumulated DepreciationLaundry Equipment

$47,930.00

$47,930.00

9

Accounts Payable

9,630.00

9,630.00

10

Wages Payable

1,245.00

11

Common Stock

34,500.00

34,500.00

12

Retained Earnings

79,770.00

79,770.00

13

Dividends

29,060.00

29,060.00

14

Laundry Revenue

183,300.00

183,300.00

15

Wages Expense

49,385.00

49,385.00

16

Rent Expense

25,075.00

25,075.00

17

Utilities Expense

18,820.00

18,820.00

18

Depreciation Expense

12,675.00

19

Laundry Supplies Expense

2,755.00

20

Insurance Expense

375.00

21

Miscellaneous Expense

3,360.00

3,360.00

22

$355,130.00

$355,130.00

$362,745.00

$362,745.00

* $3,130 of insurance expired during the year.

Identify the errors in the accountant's adjusting entries by preparing a corrected adjusted trial balance. Assume that none of the accounts were affected by more than one adjusting entry. If an amount box does not require an entry, leave it blank.

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