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Problem 2 The preliminary trial balance of Albano Company presented below does not balance. When the ledger and other records are reviewed, you discover the
Problem 2 The preliminary trial balance of Albano Company presented below does not balance. When the ledger and other records are reviewed, you discover the following: 1. The debits and credits in the cash account total P28,500 and P23,600 respectively. 2. A receipt of P150 from a customer on account was not posted to the accounts receivable account. 3. A payment of P400 to a creditor on account was not posted to the accounts payable account. 4. The balance of the equipment account is P8,900. 5. Each account has a normal balance. Prepare a corrected trial balance. Accounting 1 - Principles of Accounting 1 Albano Company Trial Balance .lulv 312011
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