QUESTION (total 3 questions):

Mary is a retailer of cups. The following figures relate to Mary's business on 30 June 2022 (refer to the image at the bottom)

a. Prepare the trial balance as of 30 June 2022. You are required to tabulate the capital account balances.

b. Explain the primary purpose of a trial balance.

c. Identify and explain the six types of errors that would not be revealed in a trial

balance.

Purchases Purchase returns Carriage outwards Bank overdraft Cash Discount received General expenses Opening Inventory Rental expenses Allowance for receivables Account receivables Equipment at cost Accumulated depreciation equipment Bad debts are written off Account payables Sales Capital (Balancing figure) $ 132,950 900 458 5,200 132 1,500 26,200 16,300 8,555 1,250 25,870 37,560 8,600 530 10,250 198,000