The following trial balance of Joy McDowell Tutoring Service as of May 31, 2015, does not balance.
Investigation of the accounting records reveals that the bookkeeper:
a. Recorded a $ 500 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 Utilities Payable in the amount of $ 400.
d. Understated Common Stock by $ 600.
Prepare the corrected trial balance as of May 31, 2015, complete with a heading; journal entries are not required.