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Create the necessary adjustments to correctly balance

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Reference no: EM132676310

Problem 1: 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:

  1. A number of account balances have been placed on the wrong side of the trialbalance
  2. An amount of $7,000 was omitted to be posted to the credit side of the Bankaccount
  3. An amount of $6,000 was wrongly posted to the credit side instead of the debit side of the Inventory account

Reference no: EM132676310

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