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 totaled $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.

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