The trial balance for Kilda Services at the end of July is as follows:
Kilda Services
Trial Balance
July 31, 20××
Cash ........................................... $ 3,840
Accounts Receivable ........................ 5,660
Supplies ....................................... 120
Prepaid Insurance ........................... 180
Equipment .................................... 8,400
Accounts Payable ........................................... $ 4,540
J. Kilda, Capital ............................................. 11,560
J. Kilda, Withdrawals ....................................... 700
Revenues ...................................................... 5,920
Salaries Expense ........................... 2,600
Rent Expense ............................... 600
Advertising Expense ....................... 340
Utilities Expense ........................... 26
................................................ $21,766 $22,720
The trial balance does not balance because of a number of errors. Kilda's accountant compared the amounts in the trial balance with the ledger, recomputed the account balances, and compared the postings. He found the following errors:
a. The balance of Cash was understated by $400.
b. A cash payment of $420 was credited to Cash for $240.
c. A debit of $120 to Accounts Receivable was not posted.
d. Supplies purchased for $60 were posted as a credit to Supplies.
e. A debit of $180 to Prepaid Insurance was not posted.
f. The Accounts Payable account had debits of $5,320 and credits of $9,180.
g. The Notes Payable account, with a credit balance of $2,400, was not included on the trial balance.
h. The debit balance of J. Kilda, Withdrawals was listed in the trial balance as a credit.
i. A $200 debit to J. Kilda, Withdrawals was posted as a credit.
j. The actual balance of Utilities Expense, $260, was listed as $26 in the trial balance.
Prepare a corrected trial balance.