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The following trial balance of Nate Maland Tutoring Service as of May 31, 2024, does not balance. (Click the icon to view the trial balance.)
The following trial balance of Nate Maland Tutoring Service as of May 31, 2024, does not balance. (Click the icon to view the trial balance.) Investigation of the accounting records reveals that the bookkeeper: AlClick the icon to view the investigation results.) Prepare the corrected trial balance as of May 31, 2024, complete with a heading, journal entries are not required. Nate Maland Tutoring Service Trial Balance May 31, 2024 Balance Debit Credit Account Title Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Check Answer X More Info a. Recorded a $600 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct. b. Posted a $1,000 credit to Accounts Payable as $100. c. Did not record Utilities Expense or the related Utilities Payable in the amount of $400. d. Understated Common Stock by $850. Print Done May 31, 2024 Account Title Balance Debit Credit 3,100 1,800 600 15,900 11,300 Cash Accounts Receivable Office Supplies Computer Equipment Accounts Payable Utilities Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense 550 11,700 10,200 9,700 1,900 800 700 Utilities Expense $ 35,000 $ 33,250 Total
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