The Colby Group has the following unadjusted trial balance as of August 31, 2019. The Colby Group Unadjusted Trial Balance August 31, 2019 Debit Balances Credit Balances Cash 25,490 Accounts Receivable 45,630 Supplies 5,990 Prepaid Insurance 6,450 Equipment 145,000 Notes Payable 60,200 Accounts Payable 12,950 Terry Colby, Capital 93,040 Terry Colby, Drawing 31,600 Fees Earned 477,700 Wages Expense 287,652 Rent Expense 55,800 Advertising Expense 15,300 Miscellaneous Expense 15,300 634,212 643,890 The debit and credit totals are not equal as a result of the following errors: a. The balance of cash was overstated by $13,000. b. A cash receipt of $9,500 was posted as a debit to Cash of $5,900. c. A debit of $4,700 to Accounts Receivable was not posted. d. A return of $879 of defective supplies was erroneously posted as a $897 credit to Supplies. e. An insurance policy acquired at a cost of $1,000 was posted as a credit to Prepaid Insurance. f. The balance of Notes Payable was overstated by $12,000. 9. A credit of $1,940 in Accounts Payable was overlooked when determining the balance of the account. h. A debit of $3,400 for a withdrawal by the owner was posted as a debit to Terry Colby, Capital. i. The balance of $13,500 in Advertising Expense was entered as $15,300 in the trial balance. 3. Gas, Electricity, and Water Expense, with a balance of $4,100, was omitted from the trial balance. mer CIDY Group Unadjusted Trial Balance August 31, 2019 Debit Credit Balances Balances Cash Accounts Receivable Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Terry Colby, Capital Terry Colby, Drawing Fees Earned Wages Expense Rent Expense Advertising Expense Gas, Electricity, and Water Expense Miscellaneous Expense 2. Does the fact that the unadjusted trial balance in (1) is balanced mean that there are no errors in the accounts