The trial balance of Carver, Inc., at September 30, 2010, does not balance:

The accounting records hold the following errors:
a. Recorded a $400 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct.
b. Posted a $3,000 credit to Accounts Payable as $300.
c. Did not record utilities expense or the related account payable in the amount of $500.
d. Understated Common Stock by $500.
e. Omitted Insurance Expense of $3,000, from the trial balance.

Requirement
1. Prepare the correct trial balance at September 30, 2010, complete with a heading. Journal entries are notrequired.

Transcribed Image Text:

Accounts receivab Inventory Supplie 4,500 13,100 16,600 52,000 11,900 47,500 30,500 Accounts payable.. Common st Service revenu Salary expens Rent expense. Utilities expense Total 1,700 1,100 $90,100 $89,900