Nigels Gardening Services trial balance presented below does not balance. In examining the general journal and the
Question:
Nigel’s Gardening Services trial balance presented below does not balance. In examining the general journal and the general ledger you discover the following information. Ignore GST.
1. The balance in the Mortgage Payable account is \($5400.
2.\) A purchase of lawnmower fuel for cash of \($180\) was erroneously recorded as a purchase on credit.
3. The debits and credits to Accounts Receivable totaled \($7600\) and \($5400\) respectively.
4. A \($550\) payment for salaries was not posted to the Cash at Bank account.
5. The debit to record a withdrawal of \($600\) in cash by the owner was not posted.
Required
(a) Prepare a corrected trial balance.
Step by Step Answer:
Accounting
ISBN: 9780730382737
11th Edition
Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie