The following is a trial balance which has been incorrectly drawn up:

In addition to the mistakes evident above, the following errors were also discovered:
1 A payment of £75 made to a creditor had not been posted from the cash book into the purchases
ledger.
2 A cheque for £56 received from a customer had been correctly entered in the cash book but
posted to the customer’s account as £50.
3 A purchase of fittings £120 had been included in the purchases account.
4 The total of the discounts allowed column in the cash book of £38 had not been posted into the
general ledger.
5 A page of the sales day book was correctly totalled as £564 but carried forward as £456.
Show the trial balance as it would appear after all the errors had been corrected. You are required
to show all workings.

Transcribed Image Text:

Trial Balance-31 January 20X9 Capital 1 February 20X8 5,500 Drawings 2,800 Sales Stock 1 February 20X8 Trade debtors Furniture and fittings Cash in hand Trade creditors Returns inwards Discount received Business expenses Purchases 2,597 2,130 1,750 1,020 2,735 7,430 85 46 950 4,380 16,446 14,977