The following trial balance does not balance.

Make the necessary adjustments to correctly balance the trial balance and by placing the account balances in the correct debit/credit column.

The following corrections and or adjustments need to be made for errors in the trial balance:

• A number of account balances have been placed on the wrong side of the trial balance
• An amount of $7,000 was omitted to be posted to the credit side of the Bank account
• An amount of $6,000 was wrongly posted to the credit side instead of the debit side of the Inventory account

Trial Balance moon Office Equipment 16,000 Premises 280,000 9,500 m Insurance 2,500 Wages 65,500 Sales 120,000 Cost of goods sold 35,000 Bad debts expense 3,000 Rent expense 52,000 m Capital 224,600 495,200 568,000