The trail balance of Wanda Landowska Company review of your ledger reveals the following:

(a) Each account had a normal balance.

(b) The debit footings in prepaid insurance, Account payable, and property tax expense were each understated $100

(c) A transposition error was made in Account Receivable and Service Revenue. The correct balances for accounts receivable and service revenue are $2,750 and $6,690 respectively.

(d) A debit posting to advertising expense of $300 was omitted

(e) A $1,500 cash drawing by the owner was debited to Wanda lad capital and credited to cash.

Instruction
Prepare a correct trailbalance

Transcribed Image Text:

wanda landowskacompay trail balance 30-Apr-07 debit credit Cash account receivable prepaid insuf $4.800 2.570 700 ent 8.000 4500 account s payable pr wanda land capital service revenue alaries e advertising pr tax payable 560 11,200 6960 4200 1100 se 800 S24,500 tax expense S20.800