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The trial balance of Atticus, Inc., at September 30, 2021, does not balance: (Click the icon to view the trial balance.) The accounting records
The trial balance of Atticus, Inc., at September 30, 2021, does not balance: (Click the icon to view the trial balance.) The accounting records hold the following errors: Click the icon to view the errors) Requirement 1. Prepare the corrected trial balance at September 30, 2021, complete with a heading. Joumal entries are not required. A correct trial balance will start with the appropriate header. Then enter the correct account balances after you adjust for the errors found in the investigation. Total the debits and credits. Start by selecting the correct header for the trial balance. The actual trial balance follows in the next step. Data table Debit Credit Cash $ 13,900 Accounts receivable 13,400 Inventory 16,700 Supplies 500 Land 60,000 Accounts payable $ 11,600 Common stock Sales revenue 47,000 49,600 Salama 2.100 Data table memory Supplies Land Accounts payable Common stock Sales revenue Salary expense Rent expense Utilities expense 500 60,000 $ 11,600 47,000 49,600 2,100 1,300 1,200 $ 109,100 $ 108,200 Total Print Done - More info a. Recorded a $900 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct. b. Posted a $4,000 credit to Accounts Payable as $400. c. Did not record utilities expense or the related account payable in the amount of $370. d. Understated Common Stock by $400. e. Omitted Insurance Expense of $3,100 from the trial balance. Account Debit Cash Accounts receivable Inventory Supplies Balance Credit Supplies Land Accounts payable Common stock Sales revenue Insurance expense Insurance expense Salary expense Rent expense Utilities expense Total
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