4.4 Text Exercise 1 Mr. J. Strom is the owner of a hardware store. At the end of the year he attempted to prepare a Trial Balance of the accounts in the general ledger. The Trial Balance appears below. The balances themselves are correct. But Mr. Strom has no knowledge of Double Entry Bookeeping, so he has made many errors in listing the balances.: Definition of Double Entry Bookeeping: the system where... every transaction recorded will include a debit in one or more accounts as well as a credit in one or more accounts. Under this system the total debit entries will equal the total credit entries. Your task is to: Find the errors in Mr. Strom's work and Prepare a correct Trial Balance J. Strom Trial Balance December 31, 2013 Accounts DEBIT CREDIT Bank $ 3 000 Land 50 000 A/R - Jones $10 940 Supplies 3400 Office Equipment 15 350 Automobile 21 200 Building 140 000 A/P - Smith 5 160 Bank Loan 52 000 J. Strom, Capital 108 230 Mortgage Payable 78 500 $216 910 $270 870