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Question 05 The trial balance of R Low does not balance. The owner has asked for your help. After looking at the business records you

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Question 05 The trial balance of R Low does not balance. The owner has asked for your help. After looking at the business records you find: Some items in the Trial Balance are on the wrong side. The balance of Plant and Equipment account should be $85,800. The Accounts Receivable Control records have been destroyed. There is an amount owing but the figure is unknown (balancing figure) Required: Correct all the errors and redraft the correct trial balance in the space provided. Trial Balance of R Low as at 30 June 2019 Adjusted Trial Balance Unadjusted Trial Balance Accounts Debit Credit Debit Credit $ $ Capital Drawings Plant and Equipment 124,100 10,000 88,500 Depreciation Accumulated Plant and 17,200 Equipment Copyrights and Patents Inventory (1/7/2018) 22,000 6,000 Cash at Bank 14,800 Provision for Doubtful Debts 400 GST Input Credit Control 3,300 Accounts Payable Control 19,400 GST Payable Control 2,300 Expenses Accrued 1,500 Sales 134,600 Purchases 70,400 Sales Salaries 21,900 Cartage Inwards General Wages 3,800 26,200 Rates and Taxes 4,100 Interest Expense 900 Doubtful Debts 200 600 Bad Debts Discount Received 900 Commission Income 1,300 Accounts Receivable Control 275,200 299,200

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