(Solution) - The trial balance of Haigood Inc at September 30 20X3 -(2025 Original AI-Free Solution)

Paper Details

The trial balance of Haigood, Inc., at September 30, 20X3, does not balance:

The accounting records hold the following errors:
a. Recorded a $1,000 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct.
b. Posted a $1,000 credit to Accounts Payable as $100.
c. Did not record utilities expense or the related account payable in the amount of $200.
d. Understated Common Stock by $1,100.
e. Omitted Insurance Expense of $1,000, from the trial balance.
Required
Prepare the correct trial balance at September 30, 20X3, complete with a heading. Journal entries are not required.