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The accountant for Evas Laundry prepared the following unadjusted and adjusted trial balances. Assume that all balances in the unadjusted trial balance and the amounts of the adjustments are correct.

Eva's Laundry

UNADJUSTED TRIAL BALANCE

May 31, 2016

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash	7,565.00
2	Accounts Receivable	18,710.00
3	Laundry Supplies	3,700.00
4	Prepaid Insurance*	5,655.00
5	Laundry Equipment	193,800.00
6	Accumulated Depreciation-Laundry Equipment		47,930.00
7	Accounts Payable		9,630.00
8	Wages Payable
9	Eva Bruns, Capital		114,270.00
10	Eva Bruns, Drawing	29,060.00
11	Laundry Revenue		183,300.00
12	Wages Expense	49,385.00
13	Rent Expense	25,075.00
14	Utilities Expense	18,820.00
15	Depreciation Expense
16	Laundry Supplies Expense
17	Insurance Expense
18	Miscellaneous Expense	3,360.00
19	Totals	355,130.00	355,130.00

* $3,130 of insurance expired during the year.

Identify the errors in the accountant's adjusting entries by preparing a corrected adjusted trial balance. Assume that none of the accounts were affected by more than one adjusting entry. If an amount box does not require an entry, leave it blank.

Erroneous Adjusted Trial Balance

Eva's Laundry

ADJUSTED TRIAL BALANCE

May 31, 2016

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash	7,565.00
2	Accounts Receivable	23,570.00
3	Laundry Supplies	6,455.00
4	Prepaid Insurance*	3,700.00
5	Laundry Equipment	181,125.00
6	Accumulated Depreciation-Laundry Equipment		47,930.00
7	Accounts Payable		9,630.00
8	Wages Payable		1,245.00
9	Eva Bruns, Capital		114,270.00
10	Eva Bruns, Drawing	29,060.00
11	Laundry Revenue		183,300.00
12	Wages Expense	49,385.00
13	Rent Expense	25,075.00
14	Utilities Expense	18,820.00
15	Depreciation Expense	12,675.00
16	Laundry Supplies Expense	2,755.00
17	Insurance Expense	130.00
18	Miscellaneous Expense	3,360.00
19	Totals	363,675.00	356,375.00

* $3,130 of insurance expired during the year.

Corrected Adjusted Trial Balance

Identify the errors in the accountant's adjusting entries by preparing a corrected adjusted trial balance. Assume that none of the accounts were affected by more than one adjusting entry. If an amount box does not require an entry, leave it blank.

Eva's Laundry

ADJUSTED TRIAL BALANCE

May 31, 2016

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash
2	Accounts Receivable
3	Laundry Supplies
4	Prepaid Insurance*
5	Laundry Equipment
6	Accumulated Depreciation-Laundry Equipment
7	Accounts Payable
8	Wages Payable
9	Eva Bruns, Capital
10	Eva Bruns, Drawing
11	Laundry Revenue
12	Wages Expense
13	Rent Expense
14	Utilities Expense
15	Depreciation Expense
16	Laundry Supplies Expense
17	Insurance Expense
18	Miscellaneous Expense
19	Totals

* $3,130 of insurance expired during the year.

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