The following account balances were taken from the General Ledger of Dympha Calumpiano Trial Balance Preparation owner and manager of Samar Bowling Lanes: Income Assets Bowling Income Miscellaneous Income P192,850 11,325 Cash in Bank Petty Cash Fund Accounts Receivable Prepaid Rent Prepaid Insurance Furniture and Fixtures Bowling Equipment P 750,000 1,000 10,000 15,000 8,000 50,000 965,000 Expenses Salaries Expense Supplies Expense Taxes and licenses Utilities Expense P 12,000 36,000 7,500 Liabilities 31,050 Accounts Payable P 56,734 Owner's Equity D. Calumpiano, Capital D. Calumpiano, Withdrawal P1,632,641 8,000 Required: 1. From the given account balances above, prepare a Trial Balance. 2. Extract the accounting equation, A=L+OE. P6-2 Req. 1. Trial balance Req. 2. Assets Liabilities Owner's equity sented below is the trial balance of Bunao Reliable Repairs, is a client of Daryll Queme & Co. was learned that there were no errors in both posting and footing processes. It was further Dalance. The inexperienced bookkeeper, however, incorrectly placed on the debit and credit Columns of the trial balance the said balances but believe her works to be correct because the al balance appeared to be in balance" 2. Extract the basic accounting equation, A=L+EO. Preparation of a Corrected Trial Balance Bunao Reliable Repairs Trial Balance February 28, 2014 Account Titles Debit Credit P 50,000 P 20,000 10,000 5,000 30,000 5,000 Cash in Bank Accounts Receivable Supplies Inventory Tools Shop Equipment Accounts Payable Notes Payable Charisse Bunao, Capital Charisse Bunao, Drawing Income from Repairs Utilities Expense Salaries and Wages Taxes and Licenses 8,000 73,000 2,000 40,000 3,000 5,000 1,000 126.000 126,000 Total Required: 1. Prepare a correct Trial Balance P6-3 Req. 1. Trial balance Req. 2. Assets Liabilities Owner's equity