The trial balance of Dominic Company shown below does not balance. Prepare a correct trial balance Your review of the ledger reveals that each account has a normal balance. You also discover the following errors. The totals of the debit sides of Prepaid Insurance, Accounts Payable, and Utilities Expense were each understated $100. Transposition errors were made in Accounts Receivable and Service Revenue. Based on postings made, the correct balances were $2, 570 and $8, 960, respectively. A debit posting to Salaries and Wages Expense of $200 was omitted. A $1,000 cash dividend was debited to Common Stock for $1,000 and credited to Cash for $1,000. A $520 purchase of supplies on account was debited to Equipment for $520 and credited to Cash for $520. A cash payment of $450 for advertising was debited to Advertising Expense for $45 and credited to Cash for $45. A collection from a customer for $420 was debited to Cash for $420 and credited to Cash for $420 and credited to Accounts Payable for $420 Instructions Prepare a correct trial balance. Note that the chart of accounts includes the following: Dividends and Supplies. The trial balance of Dominic Company shown below does not balance. Prepare a correct trial balance Your review of the ledger reveals that each account has a normal balance. You also discover the following errors. The totals of the debit sides of Prepaid Insurance, Accounts Payable, and Utilities Expense were each understated $100. Transposition errors were made in Accounts Receivable and Service Revenue. Based on postings made, the correct balances were $2, 570 and $8, 960, respectively. A debit posting to Salaries and Wages Expense of $200 was omitted. A $1,000 cash dividend was debited to Common Stock for $1,000 and credited to Cash for $1,000. A $520 purchase of supplies on account was debited to Equipment for $520 and credited to Cash for $520. A cash payment of $450 for advertising was debited to Advertising Expense for $45 and credited to Cash for $45. A collection from a customer for $420 was debited to Cash for $420 and credited to Cash for $420 and credited to Accounts Payable for $420 Instructions Prepare a correct trial balance. Note that the chart of accounts includes the following: Dividends and Supplies