The trial balance of Garvey, Inc., at September 30, 2012, does not balance:

The accounting records hold the following errors:
a. Recorded a $100 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct.
b. Posted a $1,000 credit to Accounts Payable as $100.
c. Did not record utilities expense or the related account payable in the amount of $500.
d. Understated Common Stock by $200.
e. Omitted Insurance Expense of $3,700 from the trial balance.

Requirement
Prepare the correct trial balance at September 30, 2012, complete with a heading. Journal entries are not required.

Transcribed Image Text:

S 4,300 12,700 17,300 Inventory Supplies 51,000 Accounts payable. S11,500 47,100 33,900 stock Service revenue Salary expense Rent expense Utilities expense Total 2,000 1,200 1.000 _ $89,900 $92,500