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QUESTION # 1 The trial balance of Pioneer Trading shown below does not balance. POINEER TRADING Trial Balance September 30, 2019 Credit Debit $24,210 $11,275 2,920 33,000 18,625 Cash Accounts Receivable Prepaid Insurance Equipment Accounts Payable Property Taxes Payable Shahid, Capital Service Revenue Salaries Expense Advertising Expense Property Tax Expense 2,296 48,370 27,429 17,295 4,510 3,305 $110,455 $82,780 Your review of the ledger reveals that each account has a normal balance. You also discover the following errors: and $4,100 and 1. The totals of the debit sides of Prepaid Insurance, Accounts Payable, and Property Tax Expense were each understated by $410 2. Transposition errors were made in Accounts Receivable and Service Revenue. Based on posting made, the correct balances were $10,537 $28,536 respectively. 3. A debit posting to Salaries Expense of $820 was omitted. 4. Drawing of $4,100 by the owner was debited to M. Sterling, Capital for credited to Cash for $4,100 5. Supplies of $2,132 purchased on account were debited to Equipment for credited to Cash for $2,132 6. A cash payment of $1,845 for advertising was debited to Advertising Expense for and credited to Cash for $185 7. A collection from a customer for $861 was debited to Cash for $861 Accounts Payable for $861 $2,132 and $185 and and credited to Instructions: 1. Prepare a corrected trial balance after completeing part (2) and (3). (Note that the chart of accounts includes: Shahid's drawing and Supplies accounts.) 2. Prepare Suspense account in T-account format. 3. Prepare correcting entries on page J-99 of General Journal for errors numbered 4 to 7