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2. Yin Yang Video has the following unadjusted trial balance as of January 31, 2010: Yin Yang Video Unadjusted Trial Balance January 31, 2010 Debit Credit Balances Balances Cash . . . . . . . . . 19,000 Accounts Receivable 34, 100 Supplies 4,464 Prepaid Insurance .. 4,800 Equipment . 108,000 Notes Payable 45,000 Accounts Payable 9,650 Chea Wynn, Capital 69,400 Chea Wynn, Drawing 23,500 Fees Earned . . . 356,000 Wages Expense . . 204,000 Rent Expense 41,700 Advertising Expense 19,800 Gas, Electricity, and Water Expense 11,340 470.704 480,050 The debit and credit totals of the above trial balance 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. 1 |Page Ad loading