Hasson Services, Inc.'s trial balance at the end of July 2014 follows. It does not balance because of a number of errors. Hasson's accountant compared the amounts in the trial balance with the ledger, recomputed the account balances, and compared the postings. He found the following errors:
a. The balance of Cash was understated by $400.
b. A cash payment of $210 was credited to Cash for $120.
c. A debit of $60 to Accounts Receivable was not posted.
d. Supplies purchased for $30 were posted as a credit to Supplies.
e. A debit of $90 to Prepaid Insurance was not posted.
f. The Accounts Payable account had debits of $2,660 and credits of $4,590.
g. The Notes Payable account, with a credit balance of $1,200, was not included on the trial balance.
h. The debit balance of Dividends was listed in the trial balance as a credit.
i A $100 debit to Dividends was posted as a credit.
j. The actual balance of Utilities Expense, $130, was listed as $13 in the trial balance.
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Hasson Services, Inc.
Trial Balance July 31, 2014
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Debits
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Credits
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Cash
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1,720
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|
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Accounts Receivable
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2,830
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|
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Supplies
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60
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Prepaid Insurance
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90
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Equipment Accounts Payable
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3,700
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2,270
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Common Stock
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1,500
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Retained Earnings
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3,780
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Dividends
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|
350
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Revenues Salaries Expense
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1,300
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2,960
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Rent Expense
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300
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Advertising Expense
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170
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Utilities Expense
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13
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10,183
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10,860
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Prepare a corrected trial balance.