The trial balance of Harper, Inc., at September 30, 2016, does not balance:

The accounting records hold the following errors:
a. Recorded a $500 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct.
b. Posted a $3,000 credit to Accounts Payable as $300.
c. Did not record utilities expense or the related account payable in the amount of $240.
d. Understated Common Stock by $100.
e. Omitted Insurance Expense of $3,700 from the trial balance.
Requirement
1. Prepare the correct trial balance at September 30, 2016, complete with a heading. Journal entries are not required.

Transcribed Image Text:

$ 14,500 12,600 16,800 200 50,000 Cash Accounts receivable... Land $12,000 47,100 40,000 Common stock Salary expense Rent expense... Utilities expense Total 2,400 900 800 $98,200 $99,100