Self-test When Mimi prepared her trial balance she incorrectly listed the balances in the wrong columns. As
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Self-test When Mimi prepared her trial balance she incorrectly listed the balances in the wrong columns. As a result she was unable to balance her trial balance.
You are required to redo the trial balance to ensure that it is balanced.
Mimi & Co. Trial balance at 30 June 2009 Debtors 5,100 Purchases 24,000 Insurance 350 Electricity 700 Motor expenses 2,960 Salaries and wages 5,830 Sales 28,891 Drawings 8,000 Motor vehicle 7,500 Creditors 3,250 Fittings and fixtures 3,160 Stock 1 July 2008 5,020 Cash at bank 320 Capital 30,799
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