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(bono) 2MOIT SECTION 7.2 EXERCISES (continued) Exercise 2, p. 240 Workbook Exercise The exercise below, involving a journal, ledger, and trial balance, has errors

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(bono) 2MOIT SECTION 7.2 EXERCISES (continued) Exercise 2, p. 240 Workbook Exercise The exercise below, involving a journal, ledger, and trial balance, has errors in it. Locate and correct the errors and balance the trial balance. PAGE 12 DATE GENERAL JOURNAL DEBIT PARTICULARS P.R. CREDIT 125 13 500 215 1885 105 4000 205 12 385 Nov. 20- 4 Automobile HST Recoverable Bank A/P-Ace Finance Purchase of new car for $16 385 incl. tax 7 A/R-A. Boyd Fees Earned HST Payable 120 900 6 Furniture HST Recoverable 215 117 1017 Bank 105 Purchase of new desk 110 452 405 400 210 52 Sale on account 105 339 10 Bank Fees Earned 405 HST Payable 210 300- 39 Cash sale 12 Rent Expense 510 700 HST Recoverable 215 91 Bank 105 791 Rent for the month 15 Car Expense 505 200 HST Recoverable 215 26 Bank 105 226 Car repairs paid by cash

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