Jozef?s Roofing Services showed the following post-closing trial balance after the posting of the closing entries on June 30, 2020:

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, 2020, for Jozef Jones, Capital.

Transcribed Image Text:

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