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explain the following prepare correct trial balance? 1. 5210 debit to D Hok, Withdrawals, was posted as a credit. 2 Hole, Withdrawals, was listed on

explain the following prepare correct trial balance?

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1. 5210 debit to D Hok, Withdrawals, was posted as a credit. 2 Hole, Withdrawals, was listed on the trial balance as a credit. J. A Note Parable account with a credit balance of 52,400 was not listed on the trial balance. 4. The pencilled footings for Accounts Payable were debits of 55,320 and cred- its of 56,800. 5. A dehit of 5180 to Prepaid Rent was not posted. 6 The entry for office supplies bought for 560 was posted as a credit to Office Supplies 7. A debit of $120 to Accounts Receivable was not posted. 8. A cash payment of $420 was credited to Cash for $240. 9. The pencilled footing of the credits to Cash was overstated by $400. 10. Utilities Expense of 5260 was listed in the trial balance as $26. Assist Paul Regan by preparing a correct trial balance, What advice could you give Ken about Paul Explain the situation to Paul. Put your arwwers in writing, 4:. Lauren Oliver, an accountancy lab tutor, is having a debate with some of her Errors in recording transactions assistants. They are trying to find out how each of the folkrainy five unrelated and their relationship to the trial situations would affect the trial balance: balance 1. $5 debit to Cash in the ledger was not posted. 0 120 mal 2. 510 debit to Computer Supplies was debited to Computer Equipment. 3. An 58 debit to Wages Expense was debited twice to the account. 4. A $4 debit to Computer Supplies was debited to Computer Sales 5. 535 credit to Accounts Payable was posted as a 553 credit. Indicate to Lauren the effect that each situation will have on the trial balance. If a situation will have no effect, indicate that fact. Put in writing how each of these situations could be avoided in the future

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