Jozef’s Roofing Services showed the following post-closing trial balance after the posting of the closing entries on June 30, 2023:

Required
1. Identify the error(s) in the post-closing trial balance.
2. What entry is required to correct the error(s)?
3. Calculate the correct balance at June 30, 2023, for Jozef Jones, Capital.

Transcribed Image Text:

Cash Accounts receivable Equipment Accumulated depreciation, equipment Trucks Accumulated depreciation, trucks Accounts payable Jozef Jones, capital Jozef Jones, withdrawals Interest income Other expenses Totals Debit Credit $ 21,000 36,000 59,500 138,000 59,900 $ 12,000 66,000 19,200 216,200 1,150 150 $314,550 $314,550