Question: (Learning Objective 4: Correcting errors in a trial balance) The trial balance of Farris, Inc., at June 30, 20X6, does not balance. The accounting records

(Learning Objective 4: 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 €200 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct.

b. Posted a €2,000 credit to Accounts Payable as €200.

c. Did not record utilities expense or the related account payable in the amount of €300.

d. Understated Share Capital by €100.

e. Omitted Insurance Expense of €3,300, from the trial balance.
❙ Requirement 1. Prepare the correct trial balance at June 30, 20X6, complete with a heading. Journal entries are not required.

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