Please explain in detail how to do this

C) Is used to measure the relation between assets and long-term debt. D) Is used to measure a company's profitability ED Is used to help assess a company's ability to pay its debts in the near future. SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. 26) The following trial balance is prepared from th e general ledger of HG's Auto 26) Maintenance HG'S AUTO MAINTENANCE Trial Balance October 31 Debit Credit Cash Accounts receivable Supplies Shop equipment Office equipment Accounts payable Hal Griffin, Capital Hal Griffin, Withdrawals Repair fees earned Supplies expense Totals 800 500 13,000 600 4,510 22,000 4,200 11,875 $37675 $38,385 Because the trial balance did not balance, you decided to examine the accounting records. You found that the following errors had been made: 1. A purchase of supplies on account for $245 was posted as a debit to Supplies and as a debit to Accounts Payable. 2. An investment of $500 cash by the sole stockholder was debited to Common Stock and credited to Cash. 3. In computing the balance of the Accounts Receivable account, a debit of $600 was omitted from the computation. 4. One debit of $300 to the Dividends account was posted as a credit. 5. Office equipment purchased for $800 was posted to the Shop Equipment account. 6. One entire entry was not posted to the general ledger. The transaction involved the receipt of $125 cash for repair services performed for cash. Prepare a corrected trial balance for the HG's Auto Maintenance as of October 31