There are three errors on the below trust account bank statement. Identify and label these: Click...

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There are three errors on the below trust account bank statement. Identify and label these: Click the 'Add a Label' Button or click anywhere on the image to add a Label Add a Label 3/3 Labels unplaced Bank Statement Account Name: Entry Realty Real Estate Trust Agency Trust Account ABN: 33 444 555 Date 01/01/2022 10/01/2022 13/01/2022 13/01/2022 15/01/2022 20/01/2022 20/01/2022 28/01/2022 14/01/2022 Monthly Fee 29/01/2022 29/01/2022 Description Opening Balance H Fort A Almer E Clover Account Number: 43444 000 01 January 2022-31 January 2022 Chq 90078 Chq 90079 Chq 90080 H Fort P Stone A Davis Debit $ 15.00 $ 800.00 $ 25,000.00 $ 5,000.00 Credit $ 860.00 $ 1000.00 $ 350.00 $ 800.00 $ 600.00 $ 15,000.00 Balance $ 40,000.00 $ 40, 860.00 $ 41, 860.00 $ 42, 210.00 $ 42, 195.00 $ 41, 395.00 $ 16, 395.00 $ 11, 395.00 $ 12, 195.00 $ 12, 795.00 $ 27, 795.00 There are three errors on the below trust account bank statement. Identify and label these: Click the 'Add a Label' Button or click anywhere on the image to add a Label Add a Label 3/3 Labels unplaced Bank Statement Account Name: Entry Realty Real Estate Trust Agency Trust Account ABN: 33 444 555 Date 01/01/2022 10/01/2022 13/01/2022 13/01/2022 15/01/2022 20/01/2022 20/01/2022 28/01/2022 14/01/2022 Monthly Fee 29/01/2022 29/01/2022 Description Opening Balance H Fort A Almer E Clover Account Number: 43444 000 01 January 2022-31 January 2022 Chq 90078 Chq 90079 Chq 90080 H Fort P Stone A Davis Debit $ 15.00 $ 800.00 $ 25,000.00 $ 5,000.00 Credit $ 860.00 $ 1000.00 $ 350.00 $ 800.00 $ 600.00 $ 15,000.00 Balance $ 40,000.00 $ 40, 860.00 $ 41, 860.00 $ 42, 210.00 $ 42, 195.00 $ 41, 395.00 $ 16, 395.00 $ 11, 395.00 $ 12, 195.00 $ 12, 795.00 $ 27, 795.00

Answer rating: 100% (QA)

Error 1 The opening balance on January 1 2022 is incorrectly recorded as a credit of 4000000 Open... View the full answer