Question: Task 2 20 marks The following trial balance does not balance. Make the necessary adjustments to correctly balance the trial balance and by placing the

 Task 2 20 marks The following trial balance does not balance.

Task 2 20 marks The following trial balance does not balance. Make the necessary adjustments to correctly balance the trial balance and by placing the account balances in the correct debit/credit column. The following corrections and or adjustments need to be made for errors in the trial balance: A number of account balances have been placed on the wrong side of the trial balance An amount of $7,000 was omitted to be posted to the credit side of the Bank account An amount of $6,000 was wrongly posted to the credit side instead of the debit side of the Inventory account

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