prepare a corrected trial balance 4:45ZoomLeaveFINACCRE 1 - Saved to this PC -O Search (Alt+Q)LayoutReferencesMailingsReviewViewHelp- A A" Aa v AoAaBbCcDc AABBCCDC AaBbCcD AaBbC AaBlx² A • I A -I NormalT No Spac.. No Spacin.. Heading 1HeadParagraphStyles2.13.1. 4. 1 5.1. 6.I.7.1 8.. 9. 10. 11. 1 12.1 13. 14. 15. 16. 17.CASHP 38,400ACCOUNTS RECEIVABLE56,600SUPPLIES2,400PREPAID INSURANCE1,800DELIVERY EQUIPMENT650,000ACCOUNTS PAYABLEP 45,400676,5407,000ALLAN, CAPITALALLAMN, DRAWINGTRUCKING REVENUE84,460SALARIES EXPENSE26,000OIL AND GAS EXPENSE25,000RENT EXPENSE6,000ADVERTISING EXPENSE3,400UTILITIES EXPENSE260P809,860P813,400The errors discovered were as follows:The balance of rent expenses was understated by P4,000.b.a.The cash payment of P4,200 was credited to cash for P2,400Supplies purchased for P600 had been posted as a credit to suppliesA debit of P1,000 to prepaid insurance has been overlooked, hence not postedThe accounts payable account had debit balance of P53,200 and credits of P91,800A notes payable account with credit balance of P24,000 was not included in the trialс.d.е.f.balanceg.The drawing account balance of Allan Drawing is not on its normal balanceh.A P2,000 payment for advertising expense has been posted to salaries expenseThe utility expense of P2,600 has been posted as P260.i.Prepare a corrected trial balance.es)O Foc19UnmuteStart VideoShare ContentParticipantsMore FINACCRE 1 - Saved to this PC -O Search (Alt-Q)LayoutReferencesMailingsReviewViewHelp- A A Aa-AaBbCcDc AaBbCcDc AaBbCcDc AaBbC AaBlx A• I A vI NormalT No Spac.. No Spacin.. Heading 1HeadParagraphStyles•2.1.3. 4.. 5 . 6.. 7.1. 8.1.9.1 10. 11. 12 13. 1 14. 15. 16. 17. IPROBLEM 3The trial balance of the World Trucking as of December 31, 2021 does not balance because oferrors described below:WORLD TRUCKINGTRIAL BALANCEDECEMBER 31, 2021CASHP 38,400ACCOUNTS RECEIVABLE56,600SUPPLIES2,400PREPAID INSURANCE1,800DELIVERY EQUIPMENT650,000ACCOUNTS PAYABLEP 45,400ALLAN, CAPITAL676,540ALLAMN, DRAWING7,000TRUCKING REVENUE84,460SALARIES EXPENSE26,000OIL AND GAS EXPENSE25,0006,0003,400RENT EXPENSEADVERTISING EXPENSEUTILITIES EXPENSE260P809,860P813,400The errors discovered were as follows:а.The balance of rent expenses was understated by P4,000.b.The cash payment of P4,200 was credited to cash for P2,400C.Supplies purchased for P600 had been posted as a credit to supplieses)O Foc

Question

prepare a corrected trial balance 4:45ZoomLeaveFINACCRE 1 - Saved to this PC -O Search (Alt+Q)LayoutReferencesMailingsReviewViewHelp- A A&#34; Aa v AoAaBbCcDc AABBCCDC AaBbCcD AaBbC AaBlx² A • I A -I NormalT No Spac.. No Spacin.. Heading 1HeadParagraphStyles2.13.1. 4. 1 5.1. 6.I.7.1 8.. 9. 10. 11. 1 12.1 13. 14. 15. 16. 17.CASHP 38,400ACCOUNTS RECEIVABLE56,600SUPPLIES2,400PREPAID INSURANCE1,800DELIVERY EQUIPMENT650,000ACCOUNTS PAYABLEP 45,400676,5407,000ALLAN, CAPITALALLAMN, DRAWINGTRUCKING REVENUE84,460SALARIES EXPENSE26,000OIL AND GAS EXPENSE25,000RENT EXPENSE6,000ADVERTISING EXPENSE3,400UTILITIES EXPENSE260P809,860P813,400The errors discovered were as follows:The balance of rent expenses was understated by P4,000.b.a.The cash payment of P4,200 was credited to cash for P2,400Supplies purchased for P600 had been posted as a credit to suppliesA debit of P1,000 to prepaid insurance has been overlooked, hence not postedThe accounts payable account had debit balance of P53,200 and credits of P91,800A notes payable account with credit balance of P24,000 was not included in the trialс.d.е.f.balanceg.The drawing account balance of Allan Drawing is not on its normal balanceh.A P2,000 payment for advertising expense has been posted to salaries expenseThe utility expense of P2,600 has been posted as P260.i.Prepare a corrected trial balance.es)O Foc19UnmuteStart VideoShare ContentParticipantsMore FINACCRE 1 - Saved to this PC -O Search (Alt-Q)LayoutReferencesMailingsReviewViewHelp- A A Aa-AaBbCcDc AaBbCcDc AaBbCcDc AaBbC AaBlx A• I A vI NormalT No Spac.. No Spacin.. Heading 1HeadParagraphStyles•2.1.3. 4.. 5 . 6.. 7.1. 8.1.9.1 10. 11. 12 13. 1 14. 15. 16. 17. IPROBLEM 3The trial balance of the World Trucking as of December 31, 2021 does not balance because oferrors described below:WORLD TRUCKINGTRIAL BALANCEDECEMBER 31, 2021CASHP 38,400ACCOUNTS RECEIVABLE56,600SUPPLIES2,400PREPAID INSURANCE1,800DELIVERY EQUIPMENT650,000ACCOUNTS PAYABLEP 45,400ALLAN, CAPITAL676,540ALLAMN, DRAWING7,000TRUCKING REVENUE84,460SALARIES EXPENSE26,000OIL AND GAS EXPENSE25,0006,0003,400RENT EXPENSEADVERTISING EXPENSEUTILITIES EXPENSE260P809,860P813,400The errors discovered were as follows:а.The balance of rent expenses was understated by P4,000.b.The cash payment of P4,200 was credited to cash for P2,400C.Supplies purchased for P600 had been posted as a credit to supplieses)O Foc

Accepted Answer

Debit
Credit

Cash (38400+2400-4200) 
           36,600

Accounts Receivable…