Chapter 2, Problem 2.18EX

Errors in trial balance

The following preliminary unadjusted trial balance of Ranger Co., a sports ticket agency, does not balance:

Ranger Co. Unadjusted Trial Balance August 31, 2018
	Debit Balances	Credit Balances
Cash	77,600
Accounts Receivable	37,750
Prepaid Insurance		12,000
Equipment	19,000
Accounts Payable		29,100
Unearned Rent		10,800
Common Stock	40,000
Retained Earnings	70,000
Dividends	13,000
Service Revenue		385,000
Wages Expense		213,000
Advertising Expense	16,350
Miscellaneous Expense		18,400
	273,700	668,300

When the ledger and other records are reviewed, you discover the following: (1) the debits and credits in the cash account total $77,600 and $62,100, respectively; (2) a hilling of $9,000 to a customer on account was not posted to the accounts receivable account; (3) a payment of $4,500 made to a creditor on account was not posted to the accounts payable account;