Resolving Errors and Correcting a Trial Balance Assume we examine the accounts of Century Inc and identify the following four errors. 1. Equipment purchased for $52,500 at year and was debited to Expenses, 2. Sales on credit of $5,803 were debited to Accounts Receivable for $6,244 and credited to Revenues for 55,803 3. A 542.000 cash collection on accounts receivable was debited to cash and credited to Revenues 4. The inventory amount is understated by 514,000 because the entry to record the purchase of inventory was incorrectly recorded in cost of goods sold (cost Included in Expenses) The unadjusted trial balance of Century Inc. is provided below. Prepare a corrected unadjusted trial balance Note: Do not use negative is in your answers Unadjusted Trial Balance Corrected Unadjusted Trial Balance Accounts Debit Credit Debit Credit Cash 248,91 O Accounts receivable 217.000 199495 Allowance for doubtful accounts 116.000 O 14.000 Inventory 126.000 112.000 x Equipment 1.270.500 2.500 O Accumulated depreciation 4000 0 000 Accounts payable 126.000 Notable 175.000 O 175.000 Cowon stock 120,000 O 2260.000 Retained in DILDO 0 0.000 Revenues 595.000 5.80 Expemes 420.000 4222500 0 Nocer $2.268.441 53000 OX OX Check Partially Marks for this submission 1.402.00 G 93 A0174