The trial balance of Rawna Gourde Financial Service does not balance. Rawna Gourde Financial Services Trial Balance as at December 31, 2006 Cash $ 3,800 Accounts Receivable 2,000 Supplies 500 Office Furniture 2,300 Land 46,000 Accounts Pavable $ 2,800 Note Payable 18,300 Rawna Gourde, Capital 29,500 Rawna Gourde, Withdrawals Service Revenue 4.900 Salary Expense 1.300 Rent Expense 600 Advertising Expense 400 Utilities Expense 200 Total 60.800 55.500 3.700 The following errors were detected: i) The cash balance is understated by $400. ii) Rent Expense of $200 was erroneously posted as a credit rather than a debit. iii) The balance of Advertising Expense is $300, but it is listed as $400 on the trial balance. iv) A $600 debit to Accounts Receivable was posted $ 60. The balance of Utilities Expense is understated by $60. vi) A $1,300 debit to the withdrawal account was posted as a debit to Rawna Gourde's, Capital. vii) A $100 purchase of supplies on account was neither journalized nor posted. viii) A $5 600 credit to Service Revenue was not posted. ix) Office Furniture should be listed in the amount of $1,300. Required: a) b) c) State the journal entries necessary to correct the errors made. Prepare the correct trial balance as at December 31, 2006. Determine whether a loss or a profit was made