E2-33B. (Learning Objective 5: Correcting errors in a trial balance) The trial balance of Farris, Inc., at June 30, 20X6, does not balance.

The accounting records hold the following errors:

a. Recorded a €300 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 account payable in the amount of €200.

d. Understated Share Capital by €200.

e. Omitted Insurance Expense of €3,100 from the trial balance.
Requirement 1. Prepare the correct trial balance at June 30, 20X6, complete with a heading. Journal entries are not required.

Cash Accounts receivable.. 4,000 12,800 Inventory.. 17,000 Supplies.. 500 Land 50,100 Accounts payable 14,200 Share capital.... 45,300 Service revenue. 30,300 Salary expense...... 2,100 Rent expense. Utilities expense Total. 800 500 87,800 89,800