The trial balance of Yellow Car Sales, Inc., at June 30, 2014, does not balance.

The accounting records hold the following errors:
a. Recorded a $600 cash revenue transaction by debiting Accounts Receivable. Te credit entry was correct.
b. Posted a $3,000 credit to Accounts Payable as $300.
c. Did not record utilities expense or the related account payable in the amount of $650.
d. Understated Common Stock by $200.
e. Omitted Insurance Expense of $1,800 from the trial balance.

Requirement
Prepare the correct trial balance at June 30, 2014, complete with a heading. Journal entries are notrequired.

Transcribed Image Text:

9,600 13,200 17,100 800 53,000 Accounts receivable. Supplies Accounts payab Common stock Sales revenue Salary expense Rent expense Utilities expense Total S12,200 47,400 37,100 1,900 1,100 1,100 $97,800 596,700