ACC-370 Topic 2 Assignment - TO View Policies Question 2 of 6 < > 3.18/4 The following trial balance of Sheridan Company does not balance. Your review of the ledger reveals the following. (a) Each account had a normal balance. (b) The debit footings in Prepaid Insurance, Accounts Payable, and Property Tax Expense were each understated $93. (c) A transposition error was made in Accounts Receivable and Service Revenue; the correct balances for Accounts Receivable and Service Revenue are $2,750 and $6,680, respectively. (d) A debit posting to Advertising Expense of $281 was omitted. (e) A $1,530 cash drawing by the owner was debited to Owner's Capital and credited to Cash. Sheridan Company Trial Balance April 30, 2020 Debit Credit Cash $4,547 Accounts Receivable 2,570 Prepaid Insurance 734 Equipment $8,780 Accounts Payable 4,560 Property Tax Payable 597 Owner's Capital 11,600 Service Revenue 6,860 Salaries and Wages Expense 4,146 Advertising Expense 1.143 Property Tax Expense 777 $20,597 $25,717 Prepare a correct trial balance. SHERIDAN COMPANY ACC-370 Topic 2 Assignment - TO Advertising Expense 1,143 Property Tax Expense 777 Question 2 of 6 < Cash Accounts Receivable Prepaid Insurance Equipment Accounts Payable Property Tax Payable Owner's Drawings Owner's Capital Service Revenue Salaries and Wages Expense Advertising Expense Property Tax Expense Totals < SHERIDAN COMPANY Trial Balance April 30, 2020 Debit Credit 4547 $ 2570 827 8780 1530 4146 1143 3.18/4 4467 597 11600 6860 777 5 23543 $ 24301