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4 Analysis of Period-End Measurements and the Adjusting Process APPLY WHAT YOU HAVE LEARNED 4-1. Correcting the trial balance. George has prepared the following trial

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4 Analysis of Period-End Measurements and the Adjusting Process APPLY WHAT YOU HAVE LEARNED 4-1. Correcting the trial balance. George has prepared the following trial balance for Now What Corporation. Unfortunately, George has a problem because the debits and credits are not equal. Identify the problem(s) and calculate the corrected trial balance totals. Now What Corporation Trial Balance December 31, 2027 Credit Debit $470.550 41,800 170,000 360,000 232,000 100,000 50.750 8,000 Cash Accounts Receivable Land Building Trucks Accumulated Depreciation Accounts Payable Dividends Payable Mortgage Payable Common Stock Dividends Moving Service Revenue Salaries Expense Gasoline Expense Repairs Expense Interest Expense Totals 298,000 800,000 8.000 78,000 30,650 17,500 1.250 3,000 $1.785.250 $884.250 Use the table on the next page for the corrected trial balance

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