The trial balance of Vista Company does not balance. Your review of the ledger reveals the following: (a) Each account had a normal balance. (b) The credit footings in Prepaid Insurance, Accounts Payable, and Advertising Expense were each understated $500. (c) A transposition error was made in Accounts Receivable and Service Revenue; the correct balances for Accounts Receivable and Service Revenue are $1,840 and $12,060, respectively. (d) A credit posting to Property Tax Expense of $380 was omitted. (e) A $2,000 cash drawing by the owner was debited to Vista, Capital, and credited to Cash.InstructionsPrepare a correct trialbalance.
The trial balance of Vista Company does not balance Your