Speedy Sewing Services, owned by T. Nguyen, hired a new bookkeeper who is not entirely familiar with the process of preparing a trial balance. All of the accounts have normal balances. Find the errors and prepare a corrected trial balance for December 31 of thisyear.

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Speedy Sewing Services Trial Balance December 31, 20 Account Name Accourts Receivable Cash Accounts Payable Equipment T. Nguyen, Capital T. Nguyen, Drawing Prepaid Insurance Income from Services Wages Expense Rent Expense Supplies Utilities Expense Debit Credit 10,700 3,200 9,500 24,000 22,800 1,900 1,300 36,000 17,500 1,800 3.400 4.500 49,900 86,700