The trial balance of Addison, Inc., at September 30, 2018, 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

1. Prepare the corrected trial balance at September 30, 2018, complete with a heading. Journal entries are not required.

Transcribed Image Text:

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