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You are required to prepare a trial balance QUESTION 1 B 22 modure a The bookkeeper of BC services prepared the following trial balance from
You are required to prepare a trial balance
QUESTION 1 B 22 modure a The bookkeeper of BC services prepared the following trial balance from the records of the business Triul Balance as at 31 March 2016 Debit P Credit P 2600 3400 $) Bank Receivables Stationery Office equipment Payables Wages Capital Services rendered Rent expense Advertising costs Total 1600 450 100 2750 6500 1200 50 9300 9400 The bookkeeper is unable to balance the trial balance and you are requested to assist him. After examining the journal und ledger, you determine the following: 1. The debits to the bank account amounted to P7625 and the credits to P5125. 2. A payment of P100 by a receivable, was not posted to the receivables accounts 3. A payment of P50 to a payable was recognised in the journal, but not posted to any account 4. The first two figures in the balance of the services rendered account, as shown in the trial balance, were transposed by the bookkeeper when transferred from the ledger to the trial balance Errors 8 A transaction to ne journalized Required: A correct journal entry is not posted 1. Prepare a correct trial balance A Journal entry is pusted twice ) Procurest accounts are wed njour marker positing or Step by Step Solution
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