The following trial balance is prepared from the general ledger of HG's Auto Maintenance. HG'S AUTO MAINTENANCETrial BalanceOctober 31?DebitCreditCash$ 1,975?Accounts receivable2,800?Supplies500?Shop equipment13,000?Office equipment6,600?Accounts payable?$ 4,510Hal Griffin, Capital?22,000Hal Griffin, Withdrawals4,200?Repair fees earned?11,875Supplies expense8,600?Totals$37,675$38,385Because 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 owner was debited to Hal Griffin, Capital and credited to Cash.3. In computing the balance of the

Question

Accounts Receivable account, a debit of $600 was omitted from the computation.4. One debit of $300 to the Hal Griffin, Withdrawals 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.

What will be an ideal response?

Answer 1

HG'S AUTO MAINTENANCE
Trial Balance
October 31