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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.

Eva's Laundry

UNADJUSTED TRIAL BALANCE

May 31, 2016

ACCOUNT TITLE DEBIT CREDIT

1

Cash

7,500.00

2

Accounts Receivable

18,250.00

3

Laundry Supplies

3,750.00

4

Prepaid Insurance*

5,200.00

5

Laundry Equipment

190,000.00

6

Accumulated Depreciation-Laundry Equipment

48,000.00

7

Accounts Payable

9,600.00

8

Wages Payable

9

Eva Bruns, Capital

110,300.00

10

Eva Bruns, Drawing

28,775.00

11

Laundry Revenue

182,100.00

12

Wages Expense

49,200.00

13

Rent Expense

25,575.00

14

Utilities Expense

18,500.00

15

Depreciation Expense

16

Laundry Supplies Expense

17

Insurance Expense

18

Miscellaneous Expense

3,250.00

19

Totals

350,000.00

350,000.00

* $3,600 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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