https://mail.google.com/mail/u/0/itab wmBogbleinbox/FMfcgXwKdWFHEREGCIPO/TWDXWW/projector=1&messagepartid=1:1 GRADE 9: ECONOMIC AND MANAGEMENT SCIENCE Page 10 of 2 QUESTION 3: TRIAL BALANCE MINUTES 20 MARKS; 15 You are presented with a trial balance extracted from the records of SAM STORES on 31 December 2020. The inexperienced accountant of the business made the following errors Three accounts have their amounts entered on the wrong side: Two accounts have been entered in the wrong section, 1 Two accounts have been entered in the wrong section and with their amounts on the wrong side. . . The incorrect Trial Balance: Heading: ??? Debit Credit 300 000 136 750 16400 BALANCE SHEETSTO Capital Drawings Commission Income Vehicles Trading Stock Bank (positive) Cost of Sales 132 000 36 250 22 400 75 360 Sales 04 200 https://mail.google.com/mail/u/0/?tab=wm&ogblfinbox/FMfcgxwkdWVFHERBGXC POZTwoxww/projector: 18messagePartid=0.1 the wrong side, The incorrect Trial Balance: Heading: ??? Debit Credit 300 000 136 750 16 400 132 000 BALANCE SHEET SECTION Capital Drawings Commission Income Vehicles Trading Stock Bank (positive) Cost of Sales NOMINAL SECTION Sales Wages Interest Income Stationery Loan Interest on Loan Equipment Repairs 36 250 22 400 75 360 94 200 39 900 1.750 14 200 120 000 16 300 41 200 17 990 12772 ????? Smyems excam X https://mail.google.com/mail/u/0/tab=wm&ogbl#inbox/FMfcqkdWVFHRSGPC POZTWDXWW?projector 1&messagePartid=10.1 GRADE 9: ECONOMIC AND MANAGEMENT SCIENCE Page 11 of 2 1. Explain the purpose of a tral balance Click or tap here to enter text 2. Correct the errors in the following trial balance by neatly drawing a single line through the mistake and writing in the correction, then total the two columns Note: No folio numbers are required Heading: Click here to enter text Debit Credit BALANCE SHEET SECTION TO Hunter NOMINAL SECTION + tps://mail.google.com/mail/u/0/?tab=wm&ogbltinbox/FMfcgxwkdWVFHERBGpxCkpQZTWOXWW?projector=1&messagePartid- 0.1 text text NOMINAL SECTION Click or tap here to enter text. Click or tap here to enter Click or tap here to enter lext. text. Click or tap here to enter text. Click or tap here to enter Click or tap here to enter text Click or tap here to enter text. Click or tap here to enter Clickor tap here to enter text Click or tap here to enter Let Click on there to enter Click or tap here to enter Text Click or tap lam bent Click orta hese toate Click or tap here to enter Back orta hento ante T (18) [20 Marks)