Adjusted Trail Balance Account Title Dr. Cr.
Cash 15,520
Accounts Receivable 33,790
Supplies 5,280
Prepaid Insurance 11,400
Land 120,000
Buildings 432,000
Accumulated Depreciation-Buildings 140,700
Equipment 312,000
Accumulated Depreciation-Equipment 183,200
Accounts Payable 39,970
Salaries Payable 3,960
Unearned Rent 1,800
Nicole Gorman, Capital 512,990
Nicole Gorman, Drawing 30,000
Service Fees 569,980
Rent Revenue 6,020
Salaries Expense 408,620
Depreciation ExpenseâEquipment 22,200
Rent Expense 18,600
Supplies Expense 13,150
Utilities Expense 11,880
Depreciation ExpenseâBuildings 7,920
Repairs Expense 6,550
Insurance Expense 3,590
Miscellaneous Expense 6,120
1,458,620 1,458,620

Required:
Prepare an income statment.

Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks