Question 1 - 5 marks

The following trial balance of Lazy Corporation dated December 31, 20X1, developed by a clerk, contains errors.

Trial Balance

Accounts

Debits

Credits

Cash

$4,700

Trade receivables

$3,500

Machine

8,300

Accumulated depreciation, machine

500

Trade payables

3,000

Share capital

10,000

Retained earnings

3,000

Totals

$16,500

$16,500

Prepare a corrected Trial Balance.
					Trial Balance
Accounts					Debits	Credits
Cash					$	$
Trade receivables
Machine
Accumulated depreciation, machine
Trade payables
Share capital
Retained earnings
Totals					$	$