Jozef€™s Roofing Services showed the following post-closing trial balance after the posting of the closing entries on June 30, 2017:

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, 2017, for Jozef Jones, Capital.

Transcribed Image Text:

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