Nigels Gardening Services trial balance presented below does not balance. In examining the general journal and the

Question:

Nigel’s Gardening Services trial balance presented below does not balance. In examining the general journal and the general ledger you discover the following information. Ignore GST.

1. The balance in the Mortgage Payable account is $5400. To fix 900 credit

2. A purchase of lawnmower fuel for cash of $180 was erroneously recorded as a purchase on credit. Dr accounts payable Cr Cash $180 no overall impact

3. The debits and credits to Accounts Receivable totalled $7600 and $5400 respectively.$2200 balance instead of 530. Dr increase by 1670

4. A $550 payment for salaries was not posted to the Cash at Bank account. Cr cash

5. The debit to record a withdrawal of $600 in cash by the owner was not posted. Dr drawings

Overall impact -900+1670-550+600=820.Will not correct the difference below of 1470.

NIGEL’S GARDENING SERVICES Trial Balance as at 30 June 2016
Account	Debit		Credit
Cash at bank Accounts receivable Supplies Equipment Accounts payable Salaries payable Mortgage payable Nigel Mower, Capital Nigel Mower, Drawings Service revenue Salaries expense Rent expense Other expense	$	2 400 530 8 200 420 6 220 5 100 3 200 2 950	$	2 160 2 980 4 500 6 400 13 800
	$	29 020	$	29 840
Need 1470 debit to fix

Required

Prepare a corrected trial balance.

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...

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