The trial balance of Addison, Inc., at September 30, 2021, does not balance: 

The accounting records hold the following errors:

a. Recorded a $700 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 $400.

d. Understated Common Stock by $200.

e. Omitted Insurance Expense of $3,400 from the trial balance.

Requirement

Prepare the corrected trial balance at September 30, 2021, complete with a heading. Journal entries are not required.  

Transcribed Image Text:

Cash... Accounts receivable............... Inventory... Supplies......... Land... Accounts payable. Common stock.......... Sales revenue. Salary expense.. Rent expense. Utilities expense Total......... $ 14,100 12,700 16,900 800 59,000 2,000 1,000 300 $106,800 $12,300 47,100 49,700 $109,100