The Lexington Group has the following unadjusted trial balance as of May 31, 20Y6:

The Lexington Group
Unadjusted Trial Balance
May 31, 20Y6
Account Debit
Balances Credit
Balances
Cash 20,350
Accounts Receivable 37,000
Supplies 1,100
Prepaid Insurance 200
Equipment 171,175
Notes Payable 36,000
Accounts Payable 26,000
Common Stock 50,000
Retained Earnings 94,150
Dividends 15,000
Fees Earned 429,850
Wages Expense 270,000
Rent Expense 63,000
Advertising Expense 25,200
Miscellaneous Expense 5,100
Total 608,125 636,000
The debit and credit totals are not equal as a result of the following errors:
The cash entered on the trial balance was overstated by $7,000.
A cash receipt of $8,200 was posted as a debit to Cash of $2,800.
A debit of $16,500 to Accounts Receivable was not posted.
A return of $125 of defective supplies was erroneously posted as a $1,250 credit to Supplies.
An insurance policy acquired at a cost of $3,600 was posted as a credit to Prepaid Insurance.
The balance of Notes Payable was understated by $9,000.
A credit of $10,000 in Accounts Payable was overlooked when determining the balance of the account.
A debit of $5,000 for dividends was posted as a credit to Retained Earnings.
The balance of $60,300 in Rent Expense was entered as $63,000 in the trial balance.
Gas, Electricity, and Water Expense, with a balance of $16,350, was omitted from the trial balance.