The trial balance of Vista Company does not balance. Your review of the ledger reveals the following:
(a) Each account had a normal balance.
(b) The credit footings in Prepaid Insurance, Accounts Payable, and Advertising Expense were each understated $500.
(c) A transposition error was made in Accounts Receivable and Service Revenue; the correct balances for Accounts Receivable and Service Revenue are $1,840 and $12,060, respectively.
(d) A credit posting to Property Tax Expense of $380 was omitted.
(e) A $2,000 cash drawing by the owner was debited to Vista, Capital, and credited to Cash.

Instructions
Prepare a correct trialbalance.

Transcribed Image Text:

VISTA COMPANY TRIAL BALANCE APRIL 30, 2014 Debit Credit $5,600 2,380 900 Cash Accounts Receivable Prepaid Insurance Equipment Accounts Payable Property Tax Payable Owner's Capital Service Revenue Salaries and Wages Expense Advertising Expense Property Tax Expense $9,600 6,000 1,200 4,900 12,600 6,150 1,350 $16,830 $34,450