The trial balance of Haigood, Inc., at September 30, 20X3, does not balance:

The accounting records hold the following errors:
a. Recorded a $1,000 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct.
b. Posted a $1,000 credit to Accounts Payable as $100.
c. Did not record utilities expense or the related account payable in the amount of $200.
d. Understated Common Stock by $1,100.
e. Omitted Insurance Expense of $1,000, from the trial balance.
Required
Prepare the correct trial balance at September 30, 20X3, complete with a heading. Journal entries are not required.

Transcribed Image Text:

Cash $ 4,200 13,000 17,000 600 55,000 Supplies Land Accounts payabl.. $12,000 47,900 32,100 Common stoc.... ervice revenue..ss Salary expense Rent expense. Utilities expense 1,700 800 700 ..s Total $93,000 $92,000