Below is an incomplete Trial Balance for Munji & Sons as at 31st Dec 2020

Trial Balance

			Debit	Credit
	Interest income received	1700
	Insurance	1100
	Stock (at 1 Jan 2020)	4000
	Stock (at 31 Dec 2020)	3000
	Drawing	1500
	Bank	4000
	Carriage Inward	100
	Carriage Outward	200
	Return Inwards	300
	Vehicle at cost	3000
	Capital	9500
	Loan to Lenny	4000
	Land	14000
	Wages	1200
	Mortgage	12000
	Creditors	3500
	Debtors	5600
	Electricity	900
	Miscellaneous expenses	1800
	Purchases	5000
	Sales	20000
	TOTAL

Required:

1) Please redraft/complete the Trial Balance. Note: You may use the same table above to give your answer. [12 marks]

2) Explain the rationale behind your choice. [4 marks]

3) What would you suggest be done if the trial balance does not agree. [2 marks]

4) What possible errors are likely even if the trial balance does agree. Explain your answer. [14marks]