ON Wed 14 Oct 7:07 PM all Fleide View Malte Message Format Window Help NG GEM COM 122020 Your review of the ledger reveals that each account has a normal balance. You also discover the following errors: 1. The totals of the debit sides of Prepaid Insurance, Accounts Payable, and Property Tax Expense were each understated by $1,190 2. Transposition errors were made in Accounts Receivable and Service Revenue. Based on posting made, the correct balances were $30,583 and $82,824 respectively 3. A debit posting to Salaries Expense of $2,380 was omitted. 4. Drawing of $11.900 by the owner was debited to M. Sterling Capital for $11,900 and credited to Cash for $11,900 5. Supplies of $6,188 purchased on account were debited to Equipment for $6,188 and credited to Cash for $6,188 6. A cash payment of $5,355 for advertising was debited to Advertising Expense for $536 and and credited to Cash for $536 7. A collection from a customer for $2,499 was debited to Cash for $2,499 and credited to Accounts Payable for $2,499 Instructions: 1. Prepare a corrected trial balance. Note that the chart of accounts includes: Shahid's drawing and Supplies accounts. 2. Prepare Suspense account in T-account format. 3. Prepare correcting entries for errors numbered 4 to 7. ke Gtv A MacBook Air 7 1 5 6 8 7 o 0 w E R T Y U 1 0 S D F G H J K L Wed 14 Oct 7:07 PM File Edit View Malte Message Format Window Hole QUESTION #1 The trial balance of Pioneer Trading shown below does not balance. POINEER TRADING Trial Balance September 30, 2019 Credit Debit $69,840 $32,725 8,380 95,400 53,725 Cash Accounts Receivable Prepaid Insurance Equipment Accounts Payable Property Taxes Payable Shahid, Capital Service Revenue Salaries Expense Advertising Expense Property Tax Expense 6,664 139,630 79,611 50,055 13,090 9,545 $319,495 $239,170 Your review of the ledger reveals that each account has a normal balance. You also discover the following errors: 1. The totals of the debit sides of Prepaid Insurance, Accounts Payable, and Property Tax Expense were each MacBook Air B 7 2 s 4 & 7 C 5 6 ) 0 + 8 W E R T Y U I O P S D F G H J L