The following trial balance of Cullumber Company does not balance.

Cullumber Company Trial balance May 31, 2022
		Debit		Credit
Cash		$ 4,850
Accounts Receivable				$ 2,730
Prepaid Insurance		800
Equipment		13,000
Accounts Payable				5,500
Unearned Service Revenue		660
Common Stock				12,700
Service Revenue		8,670
Salaries and Wages Expense		4,300
Advertising Expense				1,000
Utilities Expense		800
		$ 33,080		$ 21,930

Your review of the ledger reveals that each account has a normal balance. You also discover the following errors.

1.		The totals of the debit sides of Prepaid Insurance, Accounts Payable, and Utilities Expense were each understated $ 100.
2.		Transposition errors were made in Accounts Receivable and Service Revenue. Based on postings made, the correct balances were $ 2,370 and $ 8,760, respectively.
3.		A debit posting to Salaries and Wages Expense of $ 200 was omitted.
4.		A $ 1,000 cash dividend was debited to Common Stock for $ 1,000 and credited to Cash for $ 1,000.
5.		A $ 420 purchase of supplies on account was debited to Equipment for $ 420 and credited to Cash for $ 420.
6.		A cash payment of $ 340 for advertising was debited to Advertising Expense for $ 34 and credited to Cash for $ 34.
7.		A collection from a customer for $ 320 was debited to Cash for $ 320 and credited to Accounts Payable for $ 320.

Prepare a correct trial balance. (Hint: It helps to prepare the correct journal entry for the transaction described and compare it to the mistake made.)

Cullumber Company Trial balance choose the accounting period May 31, 2022For the Quarter Ended May 31, 2022For the Year Ended May 31, 2022
	Debit		Credit
enter an account title	$ enter a debit balance		$ enter a credit balance
enter an account title	enter a debit balance		enter a credit balance
enter an account title	enter a debit balance		enter a credit balance
enter an account title	enter a debit balance		enter a credit balance
enter an account title	enter a debit balance		enter a credit balance
enter an account title	enter a debit balance		enter a credit balance
enter an account title	enter a debit balance		enter a credit balance
enter an account title	enter a debit balance		enter a credit balance
enter an account title	enter a debit balance		enter a credit balance
enter an account title	enter a debit balance		enter a credit balance
enter an account title	enter a debit balance		enter a credit balance
enter an account title	enter a debit balance		enter a credit balance
enter an account title	enter a debit balance		enter a credit balance
Totals	$ enter a total for the debit column		$ enter a total for the credit column