Q4: An inexperienced Bookkeeper has drawn up the following trial balance: Trial Balance as on 30 April 1999 Account titles Dr. Cr. Sales $104,320 $ Purchases 73,308 Account receivable 7,300 Accounts payable 3,456 General expenses 27,616 Bank (Overdrawn) 1,528 Fixed assets at cost 73,200 Allowance for Depreciation 1 May 1998 11,200 Allowance for bad debts Merchandise 1 May 1998 14.800 Merchandise 30 April 1999 11,840 Capital 174,992 Drawings 30,960 267.440 267,440 360 Following errors were later discovered. i.Additional fixed assets costing S1440 had been bought. But purchases account had been debited. ii.An expense payment of $864 was entered in the accounts as $846. iii.A cheque for $320 was sent to a creditor. The bank and creditor's account both credited with this amount. iv. The total of purchases journal had been under-added by $480. Required: Prepare corrected trial balance