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Case 4 Below is the unadjusted trial balance of Oman Sweet House Muscat, which does not balance: Oman Sweet House Unadjusted Trial Balance December 31,
Case 4 Below is the unadjusted trial balance of Oman Sweet House Muscat, which does not balance: Oman Sweet House Unadjusted Trial Balance December 31, 2019 Ca | M | Machinery 124,400 40,200 Insurance Expense 20,000 Do - 1 526.00 Accounts Receivable 1.10.000 Accounts Payable 137,600 Capital 237 200 Prepaid Rent Service Revenues 3.21.600 Salaries Expo 145.000 32.500 Totals 1,150,500 7,66,400 The following information is obtained from a review of the record keeping process: a. An amount for cash received for OMR 25,300 was incorrectly added as OMR 52,300. b. A credit posting from the journal for OMR 35,000 is missing from account payable. c. An amount of creditors OMR 100,000 is wrongly added in debtors account d. A debit posting of OMR 24,000 to Salary expense was incorrectly posted as OMR 42,000 e. Credit side of trial balance an item, Interest received is missing OMR 10,000. f. Service revenues are understated in the ledger accounts by OMR 2,09,600. g. Machinery is overstated in the ledger accounts by OMR 24,400 Required: Prepare a corrected trial balance. (10 marks) 4:22 Done Principles of Accounting 1 g. Machinery is overstated in the ledger accounts by OMR 24,400 Required: Prepare a corrected trial balance. (10 marks) Trial Balance Particular Debtredit
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