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The following trial balance was prepared from the books of Cross Trading at its year-end, 31 May, 2019. After the company's bookkeeper left, the office
The following trial balance was prepared from the books of Cross Trading at its year-end, 31 May, 2019. After the company's bookkeeper left, the office staff was unable to balance the accounts or place them in their proper order. Individual account balances are correct, but debits were incorrectly recorded as credits and vice versa. Account Acc. Code 1001 Bank 4100 Commission earned 3201 Share capital 2101 6310 Accounts payable Insurance expenses Land Building 1800 1801 Debit (RM) Credit(RM) 120,400 5,000 170,000 30,000 100 8,000 120,000 1,000 26,000 6,000 300 80,000 3,000 200 161,700 408,300 6504 Rental expenses Account receivables 1100 1700 Inventories 6508 Supplies expenses Bank loan 2100 6506 6509 Salaries expenses Telephone expenses Total Required: Prepare a trial balance showing the balances in the correct column. List the accounts in numerical order. Total the columns and ensure total debits equal total credits. Assume all accounts have normal balances. (20 marks]
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