Required Corrected Trial Balance

QUESTION THREE [25 marks) (a) Nii Okai, a retail trader, has very limited accounting knowledge. In the absence of his accounting technician, he extracted the following trial balance as at 31 March 2013 from his business's accounting records: GHC GHC Stock in trade at 1 April 2012 5,350 Stock in trade at 31 March 2013 3,900 Rent received 60 Discounts allowed 155 Discounts received 165 Provision for doubtful debts 480 Purchases 47,000 Purchases returns 700 Sales 66,190 Sales returns 550 Freehold property: at cost 35,000 Provision for depreciation 1,750 Motor vehicles: at cost 7,500 Provision for depreciation 2,250 Capital - Nii Okai 42.300 Balance at bank 3,550 Trade debtors 5,650 Trade creditors 3,800 Establishment and administrative expenditure 8,300 Drawings 4,500 Short term loan 3,760 121.455 121.455 You are required to prepare a corrected trial balance as at 31 March 2013. (10 marks) (b) The following is an extract from the books of Mr. Edward Hadior that is the cash book (bank column). Prepare the Adjusted Cash Book (Cash Book up to date). Stating the new balance as on 30th April, 2018 and also the Bank Reconciliation Statement. (15 marks) CASH BOOK 2018 GHC 2018 GHC April 1 balance b/d 8 X.Adu 15 S.Kyei 20 Cash 26 Owusu 9,900 1,520 1,080 1,760 2.320 16,580 12,700 April 5 26 28 30 A.Sah C. Aidoo E. Kafui Balance c/d 940 2,120 820 12,700 18.200 16,580 May 1 Balance b/d