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Business, 26.09.2019 22:20 tyty8265

The following trial balance of wanda landowska company does not balance. your review of the ledger reveals the following. (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 accounts receivable and service revenue; the correct balances for accounts receivable and service revenue are $2,750 and $6,690, respectively. (d) a debit posting to advertising expense of $300 was omitted. (e) a $1,500 cash drawing by the owner was deb-ited to owner’s capital and credited to cash. wanda landowska company trial balance april 30, 2017debit creditcash 4800 accounts receivable 2570 prepaid insurance 700 equipment 8000accounts payable 4500property taxes payable 560 owner's capital 11200service revenue 6960 salaries and wages expense 4200 advertising expense 1100 property tax expense 80020890 24500instructions prepare a correct trial balance.

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