The following trial balance was prepared by OZ company as of december 31, 2005. The adjusting entries for 2004 have made, except for any specifically noted below.

You find that certain errors and omissions are reflected in the above trial balance, including the following:

Required: Prepare a correct balance sheet with approciate captions and sub caption. Use preffered terminology. Show computation of the ending balance in the retained earning!

Cash Account Receivable Inventories Equipment Land Building Deferred charges Accounts Payable Note Payable Capital stock (par $10) Earned surplus 15,000 15,000 17.000 22,400 6,400 7.600 1.100 5,500 8,000 38,500 32.500 84,500 84,500 Cash Account Receivable Inventories Equipment Land Building Deferred charges Accounts Payable Note Payable Capital stock (par $10) Earned surplus 15,000 15,000 17.000 22,400 6,400 7.600 1.100 5,500 8,000 38,500 32.500 84,500 84,500 Cash Account Receivable Inventories Equipment Land Building Deferred charges Accounts Payable Note Payable Capital stock (par $10) Earned surplus 15,000 15,000 17.000 22,400 6,400 7.600 1.100 5,500 8,000 38,500 32.500 84,500 84,500 Cash Account Receivable Inventories Equipment Land Building Deferred charges Accounts Payable Note Payable Capital stock (par $10) Earned surplus 15,000 15,000 17.000 22,400 6,400 7.600 1.100 5,500 8,000 38,500 32.500 84,500 84,500