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Read the following information and answer questions that follow. Tamapo prepared the following trial balance as at 31 December 2019 which contains errors: Required: Prepare
Read the following information and answer questions that follow. Tamapo prepared the following trial balance as at 31 December 2019 which contains errors:
Required: Prepare a corrected trial balance as at 31 December 2019.
Tamapo Trial Balance as at 31 December 2019 P. P Motor Vehicle at net 38,000.00 Sales 109,000.00 Purchases 80,230.00 Inventory 5,100.00 Bank Overdraft 13,900.00 Cash in Hand 1,500.00 6,500.00 Drawings Discount Allowed 720.00 9,350.00 Other Operating Expenses Wages and Salaries Capital 16,500.00 35,000.00 Difference 60,700.00 188,250.00 188,250.00
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