An inexperienced clerk gave you the following trial balance Bakerite School Trial Balance June 30, 2015 Credit Debit Account Titles P 55,000 Cash Supplies on Hand P 12,500 20,000 Rent Expense Supplies Expense 100,000 Suppliers' Accounts 22,000 Students' Accounts 15,000 Right, Capital 50,000 Right, Personal 4.500 Tuition Fees 135.000 Total 000 P 152,000 There are seven errors Identify them and prepare a correct trial balance. 12 Marcie s Computer and Cellfone Clinic was opened by Marcie Castillo on May 1, 2015 with a cash investment of P150,000. Additional transactions for the month follow: 3 Signed a contract of lease and made a cash deposit of P15,000 4 Paid for the construction of display counters, tables, chairs and cabinets, P50,000. 5 Bought repair supplies for cash, P7,500 8 Bought repair equipment worth P15,000 from XYo Co. for use in the store Paid 50% with the balance on credit for 30 days. 9 Collected cash of P1.500 for cell phone repair services 10 Billed Madison Corp. P7,500 for computer repair services rendered. 14 Summary of cash received P8,000 from customers and a promissory note for P2,500 for computer repair services, 15 Signed a contract with Telecom System for the repair work to be done on their computers, P15,000 16 Paid for telephone, light and water, P3.800 18 Sent a bill to Telecom System for repair work done 22 Total cell phone repair work collected in cash, P8.500, P12.000 on account from Liberty Trading. 25 Repair supplies used amounted to P2,200. 28 Collected 50% of the amount owed by Madison Corp. 30 Payments for: salaries, P10,000 and Rent, P15,000. 3 l Marcie Castillo made a cash withdrawal of P2,500 for personal use