Refer to McAllen, Inc.€™s trial balance in Short Exercise 2-10. The purpose of this exercise is to help you learn how to correct three common accounting errors.
In Short Exercise 2-10. McAllen, Inc.€™s trial balance follows:

Error 1. Slide. Suppose the trial balance lists Land as $4,060 instead of $40,600. Re-compute column totals, take the difference, and divide by 9. The result is an integer (no decimals), which suggests that the error is either a transposition or a slide.
Error 2. Transposition. Assume the trial balance lists Accounts Receivable as $13,800 instead of $18,300. Recompute column totals, take the difference, and divide by 9. The result is an integer (no decimals), which suggests that the error is either a transposition or a slide.
Error 3. Mislabeling an item. Assume that McAllen, Inc., accidentally listed Accounts Receivable as a credit balance instead of a debit. Recompute the trial balance totals for debits and credits. Ten take the difference between total debits and total credits, and divide the difference by 2. You get back to the original amount of AccountsReceivable.

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A1 McAllen, Inc. Trial Balance December 31, 2014 Balance 2 3 Account Title 4 Cash Debit Credit 5,400 18,3 Supplies Land Equipment Accounts payable 40,600 21,700 10 Note payable 11 Common stock 12 Retained earnings 13 Service revenue 5,200 ayxpense 33,000 8,000 15 Rent expense 16 Utilities expense 17 Total 8