20:25 A ++ < E 2-6A cted trial balance 4 Yin & Yang Video has the following unadjusted trial balance as of January 31, 2010: Yin & Yang Video Unadjusted Thal Balance January 31, 2010 Total of Debit nn: $475,000 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Chea Wynn, Capital Chea Wynn, Drawing Fees Earned... Wages Expense Rent Expense Advertising Expense Gas, Electricity, and Water Expense Debit Balances Credit Balances 19,000 34,100 4,464 4,800 108,000 45,000 9,650 69,400 23,500 356,000 204,000 41,700 19,800 11,340 470 704 480,050 The debit and credit totals are not equal as a result of the following errors: a. The balance of cash was overstated by $10,000. b. A cash receipt of $6,100 was posted as a debit to Cash of $1,600. c. A debit of $3,500 to Accounts Receivable was not posted. d. A return of $415 of defective supplies was erroneously posted as a $451 credit to Supplies. e. An insurance policy acquired at a cost of $800 was posted as a credit to Prepaid Insurance. f. The balance of Notes Payable was overstated by $9,000. g. A credit of $1,450 in Accounts Payable was overlooked when the balance of the account was determined. h. A debit of $2,500 for a withdrawal by the owner was posted as a debit to Chea Wynn, Capital. i. The balance of $18,900 in Advertising Expense was entered as $19,800 in the trial balance. j. Miscellaneous Expense, with a balance of $3,060, was omitted from the trial balance. Instructions 1. Prepare a corrected unadjusted trial balance as of January 31 of the current year. Does the fact that the unadjusted trial balance in (1) is balanced mean that there are no errors in the accounts? Explain. 2. 3 III 80 B