Tech Support Services Unadjusted Trial Balance January 31, 2019 Debit Balances Credit Balances Cash 25,550 Accounts Receivable. Supplies . Prepaid Insurance. 44,050 6,660 3,600 Equipment. Notes Payable.. Accounts Payable Thad Engelberg, Capital Thad Engelberg, Drawing Fees Earned... Wages Expense Rent Expense . Advertising Expense. Gas, Electricity, and Water Expense 162,000 75,000 13,200 101,850 33,000 534,000 306,000 62,550 23,850 17,000 684,260 724,050

Tech Support Services has the following unadjusted trial balance as of January 31, 2019:

The debit and credit totals are not equal as a result of the following errors:
a. The cash entered on the trial balance was overstated by $8,000.
b. A cash receipt of $4,100 was posted as a debit to Cash of $1,400.

c. A debit of $12,350 to Accounts Receivable was not posted.
d. A return of $235 of defective supplies was erroneously posted as a $325 credit to Supplies.
e. An insurance policy acquired at a cost of $3,000 was posted as a credit to Prepaid
Insurance.
f. The balance of Notes Payable was overstated by $21,000.
g. A credit of $3,450 in Accounts Payable was overlooked when the balance of the account was determined.
h. A debit of $6,000 for a withdrawal by the owner was posted as a debit to Thad
Engelberg, Capital.
i. The balance of $28,350 in Advertising Expense was entered as $23,850 in the trial
balance.
j. Miscellaneous Expense, with a balance of $4,600, was omitted from the trial balance.
Instructions
1. Prepare a corrected unadjusted trial balance as of January 31, 2019.
2. Does the fact that the unadjusted trial balance in (1) is balanced mean that
there are no errors in the accounts? Explain.