this trial balance is out of balance.. correct the amount to balance,
_________________________debit__credit...
cash ___________________43000
account receivable________18400
supplies _________________1084
insurance _______________3000
equipment ______________28786
note payable ____________________________14000
account payable __________________________5650
owner's capital _________________________31500
owner's drawing _________________________2000
talent fee________ _______________________145280
salary expense_____________46500
rent expense________________6000
advertising _______________12100
utilities __________________5920
transportation______________ 8400
TOTAL___________________???????=?????
Following errors noted:
a. cash balance was understated by 2000
b. a debit of 5000 was not posted to note payable
C. a debit for utility expense for 1500 was posted as 1000
d. salary expense of 3000 was posted to transportation expense
e. a debit of 500 for the drawing account of owner was posted to the credit side of Owner's capital
f. interest expense was overlooked in the ledger, 740
g. a debit entry for account recievable was posted to the credit side ,6000
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