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The following information are extracted from the records of Santos Consultancy on August 31, 2020: Debit Credit Cash Accounts Receivable Accounts Payable P. Santos,
The following information are extracted from the records of Santos Consultancy on August 31, 2020: Debit Credit Cash Accounts Receivable Accounts Payable P. Santos, Capital P. Santos, Drawings Professional Fees Earned Operating Expenses Total 125,500 165,000 17.000 10,500 318,000 29,000 303,500 30,500 363,000 The following errors were discovered: a. Accounts Payable paid and recorded for P10,000 in the journal was posted to the Accounts Payable ledger for P1,000. b. A debit entry for Accounts Receivable was properly recorded in the journal but posted to the credit side of the ledger, P15,000. c. A debit of P3,000 for the drawing account of P. Santos was posted to the credit side of P. Santos, Capital. What is the correct trial balance total of Santos Consultancy as of August 31, 2020? (For the final answer: no peso sign, with comma, no decimal point).
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