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The trial balance of Love to Learn Child Care does not balance. (Click the icon to view the trial balance.) The following errors are detected:
The trial balance of Love to Learn Child Care does not balance. (Click the icon to view the trial balance.) The following errors are detected: A(Click the icon to view the errors.) Prepare the corrected trial balance as of August 31, 2017. Journal entries are not required. Love to Learn Child Care Trial Balance August 31, 2017 Balance Account Title Debit Credit Total i More Info X a. b. c. Cash is understated by $1,600. A $4,500 debit to Accounts Receivable was posted as a credit. A $1,700 purchase of office supplies on account was neither journalized nor posted. Equipment was incorrectly transferred from the ledger as $90,200. It should have been transferred as $82,500. Salaries Expense is overstated by $200. A $700 cash payment for advertising expense was neither journalized nor posted. A $200 owner's withdrawal of cash was incorrectly journalized as $2,000. Service Revenue was understated by $3,800. A 12-month insurance policy was posted as a $1,500 credit to Prepaid Insurance. Cash was posted correctly. e. f. g. h. i. Print Done X Data Table all Love to Learn Child Care Trial Balance August 31, 2017 Balance Account Title Debit Credit Cash $ 7,300 Accounts Receivable 6,100 Office Supplies 900 Prepaid Insurance 1,500 90,200 $ 2,300 Equipment Accounts Payable Notes Payable Trudel, Capital Trudel, Withdrawals 56,000 53,000 4,900 Service Revenue 6,400 Salaries Expense 3,800 1,100 Rent Expense $ 115,800 $ 117,700 Total Print Done
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