WANDA LANDOWSKA COMPANY TRIAL BALANCE APRIL 30, 2017 Debit Credit $ 4,800 2,570 Cash Accounts Receivable Prepaid Insurance Equipment Accounts Payable Property Taxes Payable Owner's Capital Service Revenue Salaries and Wages Expense Advertising Expense Property Tax Expense 700 $ 8,000 4,500 560 11,200 6,960 4,200 1,100 800 $20,890 $24,500
(Corrected
(a) Each account had a normal balance.
(b) The debit footings in Prepaid Insurance,
Accounts Payable, and Property Tax Expense were each understated $100.
c) A transposition error was made in
Receivable
respectively.
(d) A debit posting to Advertising Expense of $300 was omitted.
(e) A $1,500 cash drawing by the owner was debited to Owner’s Capital and credited to Cash.
Instructions
Prepare a correct trial balance.
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