The following preliminary trial balance of Escalade Co., a sports ticket agency, does not balance:

When the ledger and other records are reviewed, you discover the following:
(1) The debits and credits in the cash account total $47,350 and $33,975, respectively;
(2) A billing of $2,500 to a customer on account was not posted to the accounts receivable account;
(3) A payment of $1,800 made to a creditor on account was not posted to the accounts payable account;
(4) The balance of the unearned rent account is $4,250;
(5) The correct balance of the equipment account is $75,000; and
(6) Each account has a normal balance.
Prepare a corrected trialbalance.

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Escalade Co. Trial Balance December 31, 2006 Debit Balances 47,350 22,100 Credit Balances Accounts Receivable Prepaid Insurance Equipment Accounts Payable Unearned Rent Capital Stock Retained Earnings Dividends Service Revenue Wages Expense Advertising Expense Miscellaneous Expense 8,000 57,000 12,980 4,520 25,000 57,420 10,000 83,750 42,000 7,200 1,425 152,675 226,070