Trial balance The following transactions took place for Canberra Ltd during the current accounting period: 1. Borrowed $107000 cash from the bank. 2. Provided services for $22500 cash. 3. Wages totalling $24500 were paid for the period. 4. Paid $20700 to credit suppliers. 5. Damaged inventory purchased previously on credit at a cost of $5800 was returned to supplier. 6. Machinery is purchased for $11500 cash. 7. Inventory worth $30500 is bought on account. Assume that the following opening balances existed before the above transactions took place: Account name Opening balance Cash $49500 Inventory $14500 Machinery $45500 Accounts payable $72000 Loan payable $24500 Share capital $13000 Required: Prepare the trial balance after the effects of the above transactions were recorded (list the accounts involved in alphabetical order). Trial balance Name of account Dr Cr Total