(Corrected Trial Balance) The trial balance of Wanda Landowska Company shown below does not balance. Your review of the ledger reveals the following:?

(a) Each account had a normal balance.

(b) The debit footings in Prepaid Insurance, Accounts Payable, and Property Tax Expense were each understated $100.?

(c) A transposition error was made in Accounts Receivable; 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 Landowska, Capital, and credited to Cash.

Transcribed Image Text:

WANDA LANDOWSKA COMPANY TRIAL BALANCE APRIL 30, 2005 Cash Accounts Receivable Prepaid Insurance Equipment Accounts Payable Property Tax Payable. Wanda Landowska, Capital Service Revenue Salaries Expense Advertising Expense Property Tax Expense Debit $ 4,800 2,570 700 560 6,960 4,200 1.100 $20,890 Credit $ 8.000 4,500 11.200 800 $24,500