Cash (Dr) 4,800
Accounts Receivable (Dr) 2,570
Prepaid Insurance (Dr)700
Equipment (Cr) 8,000
Accounts Payable (Cr) 4,500
Property Tax Payable (Dr)560
Wanda , Capital (Cr) 11,200
Service Revenue (Dr) 6,960
Salaries Expense (Dr)4,200
Advertising Expense (Dr)1,100
Property Tax Expense (Cr) 800
Total (Dr)20,890 (Cr)24,500


The trial balance of Wenda Landowska Company does not balance. Your review of the ledger reveals the following:
1-Each account had a normal balance.
2-The debit footings in Prepaid Insurance, Accounts Payable, and Property Tax Expense were each understated $100.
3-A transpositions error was made in Accounts Receivable and Service Revenue; the correct balances for Accounts Receivable and Service Revenue are $2,750 and $6,690, respectively.
4-A debit posting to Advertising Expense of $300 was omitted.
5-A $1,500 cash drawing by the owner was debited to Wanda Landowska, Capital, and credited to Cash.
-Prepare a correct trial balance.

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Step one make sure your accounts balances are a normal Debit or Credit. Your normal debit balances are expenses, assets, dividends, and drawing accounts. Your normal credit balances are unearned revenues, revenues, liabilities, owners equity accounts.

Step 2 add $100 to the debit balance of the accounts. Note: one account will decrease the balance the other accounts will increase the balance

Step 3 correct the balance of the affected accounts

Step 4 add $300 debit to the affected balance

Step 5 add the amount to the capital account and add the debit amount to the drawing account.

Use Excel to create a trial balance.