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The trial balance of Dominic Company shown below does not balance. Your review of the...

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Accounting

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The trial balance of Dominic Company shown below does not balance. Your review of the ledger reveals that each account has a normal balance. You also discover the following errors. The totals of the debit sides of Prepaid Insurance. Accounts Payable, and Utilities Expense were each understated $100. Transposition errors were made in Accounts Receivable and Service Revenue. Based on postings made, the correct balances were $2,570 and $8,960, respectively. A debit posting to Salaries and Wages Expense of $200 was omitted. A $1,000 each dividend was debited to Common Stock for $1,000. and credited to Cash for $1,000. A $520 purchase of supplies on account was debited to Equipment for $520 and credited to Cash for $520. A cash payment of $450 for advertising was debited to Advertising Expense for $45 and credited to Cash for $45. A collection from a customer for $420 was debited to Cash for $420 and credited to Accounts Payable for $420

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