The trial balance of Sam's Deli Inc. at October 31, 2017, does not balance:

The accounting records contain 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 Share Capital by $1,100.
e. Omitted insurance expense of $1,000 from the trial balance.
Requirement
Prepare the correct trial balance at October 31, 2017, complete with a heading. Journal entries are not required?

Transcribed Image Text:

2 Accounts receivable ipplies 55,000 6 Accounts payable 12,000 7 Share capital 8 Sales revenue 32,100 10 Rent expense 11 Utilities e $93,000 92,000 13