The trial balance of Geronimo Company, shown on the next page, 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 $1,000.(c) A transposition error was made in Accounts Receivable and Service Revenue; 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 $3,200 cash drawing by the owner was debited to Owner??s Capital and credited to Cash.

InstructionsPrepare a correct trialbalance.

Transcribed Image Text:

GERONIMO COMPANY TRIAL BALANCE APRIL 30, 2012 Debit Credit $ 2,100 2,570 Cash Accounts Receivable Prepaid Insurance Equipment Accounts Payable Property Taxes Payable Owner's Capital Service Revenue Salaries and Wages Expense Advertising Expense Property Tax Expense 700 $ 8,000 4,500 560 11,200 6,960 4,200 1,100 800 $18,190 $24,500