Paul Regan, bookkeeper of Hampton Co., has been up half the night trying to get his trial

Question:

Paul Regan, bookkeeper of Hampton Co., has been up half the night trying to get his trial balance to balance. His results are on page 133.
Ken Small, the accountant, compared Paul€™s amounts in the trial balance with those in the ledger, recomputed each account balance, and compared postings. Ken found the 10 errors listed on page 133.

1. A $200 debit to D. Hole, Withdrawals, was posted as a credit.
2. D. Hole, Withdrawals, was listed on the trial balance as a credit.
3. A Note Payable account with a credit balance of $2,400 was not listed on the trial balance.
4. The pencilled footings for Accounts Payable were debits of $5,320 and credits of $8,800.
5. A debit of $180 to Prepaid Rent was not posted.
6. The entry for office supplies bought for $60 was posted as a credit to Supplies.
7. A debit of $120 to Accounts Receivable was not posted.
8. A cash payment of $420 was credited to Cash for $240.
9. The pencilled footing of the credits to Cash was overstated by $400.
10. The Utilities Expense of $260 was listed in the trial balance as $26.
Assist Paul Regan by preparing a correct trial balance. What advice could you give Ken about Paul? Explain the situation to Paul. Put your answers in writing.