Question $5$

$($Marks: $30)$

The following incorrect Trial Balance appeared in the books of Honey Pie, a sole trader in the confectionary business at $31$ May $2024$ :

$\backslash$table$[[\backslash$table$[[$Statement of Financial$],[$Position section$]],$Folio,$\backslash$table$[[$Debit$],[($R$)]],\backslash$table$[[$Credit$],[($R$)]]],[,,,,],[$Capital$,$B$1,,,457080,00],[$Drawings$,$B$2,118062,00,,],[$Plant & Machinery,B$3,178000,00,,],[$Furniture & Fittings,B$4,80500,00,,],[$Trading Inventory,B$5,80000,00,,],[$Debtors Control,B$6,28550,00,,],[$Creditors Control,B$7,,,16006,00],[$Bank$,$B$8,,,13128,00],[$Petty Cash $($Imprest amount$),$B$9,2030,00,,],[$VAT Control,B$10,,,2230,00],[$Nominal Accounts section,,,,,$],[$Sales$,$N$1,,,413020,00],[$Cost of sales,$N2,279030,00,,],[$Advertising$,$N$3,7210,00,,],[$Credit Losses,N$4,2400,00,,],[$Credit Losses Recovered,N$5,,,760,00],[$Courier Fees,N$6,470,00,,],[$Interest on bank overdraft,N$7,30,00,,],[$Interest expense,N$8,80,00,,],[$Interest income,N$9,,,900,00],[$Insurance$,$N$10,14350,00,,],[$Rates & Taxes,N$11,840,00,,],[$Repairs & Maintenance,N$12,20030,00,,],[$Stationery$,$N$13,3280,00,,],[$Staff refreshments,N$14,442,00,,],[$Wages & Salaries,N$15,87100,00,,],[,,902404,000,903124,00]]$