PLEASE ANWSER! I HAVE 2 MINS LEFT ITS ONLY WRITING EXPLAINATION IT MIGHT BE EAZY FOR YOU ITS A CASE STUDY QUESTION

(PLEASE MAKE YOUR EXPLAINATION CLEAR AND READ YHE QUESTION CAREFULLY)

Case 3 - Omar, a student in accounting, comes to you, his teacher, with the following difficulty. After a great deal of time and effort, Omar has failed to balance the post-closing trial balance and has become quite frustrated. "Everything was going fine," he says, "My balance sheet balanced. My income statement agreed. I just can't figure it out." Omar's balance sheet, income statement, and post-closing trial balance are given below. $ 1301 7 406 385 19.462 $20 554 BALANCE SHEET Asti Bank Accounts Receivable Supples Equipment Towl Assets Label Bank Loan Accounts Payable Tow Labietis Ower Equity Bening Bence Net Lon $ 876 Drawings 15 000 Decrease in Equity Ending Balance Tot Lisblend Owner's Equity INCOME STATEMENT $12000 5 726 517 726 $26 704 15 076 10 828 528 557 $31462 Revue EM Alver Dry Re $ 3.902 12 000 672 12.000 32 We NELOM POSTCLOSING TRIAL BALANCE Benke 101 Account Recewable 7404 Supowe 385 Equine 19.462 Bank Loan 12000 Aco Para 5726 Lindital 2500 265 30306 1. How can you tell quickly which figure or figures on the post-closing trial balance are probably incorrect? 2. Which figure or figures are wrong in the trial balance? 3. Explain what error or errors Omar has made during the accounting process to cause this error