Financial and Managerial Accounting: PR2-6A Yin & Yang Video has the following (corporation)

Financial and Managerial Accounting
PR2-6A Corrected trial balance
Yin & Yang Video has the following unadjusted trial balance as of January 31, 2010:
Yin & Yang Video
Unadjusted Trial Balance
January 31, 2010
Debit Balances Credit Balances
Cash 19,000
Accounts Receivable 34,100
Supplies 4,464
Prepaid Insurance 4,800
Equipment 108,000
Notes Payable 45,000
Accounts Payable 9,650
Capital Stock 40,000
Retained Earnings 29,400
Dividends 23,500
Fees Earned 356,000
Wages Expense 204,000
Rent Expense 41,700
Advertising Expense 19,800
Gas, Electricity, and Water Expense 11,340
$470,704 $480,050
The debits and credit totals are not equal as a result of the following errors:
a. The balance of cash was overstated by $10,000.
b. A cash receipt of $6,100 was posted as a debit to Cash of $1,600.
c. A debit of $3,500 to Accounts Receivable was not posted.
d. A return of $415 of defective supplies was erroneously posted as a $451 credit to Supplies.
e. An insurance policy acquired at a cost of $800 was posted as a credit to Prepaid Insurance.
f. The balance of Notes Payable was overstated by $9,000.
g. A credit of $1,450 in Accounts Payable was overlooked when the balance of the account was determined.
h. A debit of $2,500 for dividends was posted as a debit to Capital Stock.
i. The balance of $18,900 in Advertising Expense was entered as $19,800 in the trial balance.
j. Miscellaneous Expense, with a balance of $3,060, was omitted from the trial balance.

Instructions:
1. Prepare a corrected unadjusted trial balance as of January 31 of the current year.
2. Does the fact that the unadjusted trial balance in (1) is balanced mean that there are no errors in the accounts? Explain.
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