Rachel Thomas’s trial balance balances as follows:

Unfortunately, Rachel Thomas’s bookkeeper was not very experienced. The following transactions were incorrectly entered:

(a) Purchase of a computer for £3,000 cash completely omitted.

(b) Credit sales of £800 to A. Bright forgotten.

(c) A photocopier worth £800 wrongly debited to the shop account.

(d) £300 credited to B. Dull’s account should have been charged to A. Bright as it was a sales return.

(e) The van really cost £5,000, but had wrongly been recorded as costing £50,000 in both the van and bank accounts.

Required:

A corrected trial balance as at 31 December.

Transcribed Image Text:

Revenue Shop Van Purchases Equity Bank 100,000 60,000 50,000 60,000 172,800 100,000 General expenses 1,000 Return inwards 300 Repairs 800 A. Bright (trade receivable) 2,000 B. Dull (trade payable) 1,600 Telephone 300 274,400 274,400