Redraw the income statement and balance sheet

Assignment Help Accounting Basics

Reference no: EM13954693

In the trial balance given at question 9 the following issues were discovered.

An item of sale had been correctly entered in the cash ledger but had been entered in the sales account as at £4,500 instead of £5,400.

A debtor had been entered on the ledgers as owing £2,300 instead of £3,200.

The sale had been correctly entered in the ledgers.

The bookkeeper had failed to record an office expense of £450 in the ledger although the item had been entered in the cash account.

The bookkeeper had debited £225 to the bank account instead of crediting it.

Required

Correct the trial balance of Narn as at 31 March 200X and redraw the income statement and balance sheet.

Reference no: EM13954693

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