Required:

From the information given below, complete the corrected trial balance of C. Canada Manufacturers.

The Trial balance of C. Canada Manufacturers was prepared by an inexperienced bookkeeper. You have been asked to assist and prepare the trial balance for the business.

In examining the general journal and the ledger accounts you discover the following information.

1. The correct balance in the Loan Payable account is $5 400.

2. A purchase of lawnmower fuel for cash of $180 was erroneously recorded as a purchase on credit.

3. The correct debits and credits in the Accounts Receivable totalled $7 600 and $5 400 respectively.

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

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

C Canada Manufacturers Debit Credit Trial balance as at 30 June 2019 Balanced Balances Cash at bank 2 400 Accounts receivable 530 Supplies 420 Equipment 8 200 Accounts payable 2 160 Salaries payable 2 980 Loan payable 4 500 Capital 6 400 Drawings 6 220 Service revenue 13 800 Salaries expense 5 100 Rent expense 3 200 Other expense 2 950