Question

TRIAL BALANCE R	c		R		c
Capital		43 000		00
Mortgage on premises at 8% p.a.		10 000		00 Knowing that you have been studying bookkeeping diligently, Mr Stevenson hands you the above trial balance asking you to make it balance, prepare a new one, and afterwards prepare final accounts. He tells you that the closing stock is valued by him at R4 983. Closing journals are not required. On going through his books, you find that the purchases account total is R13 492 and not as shown. The total sales for September which have not been posted to the ledger amount to R2 509, and discount received of R479 has not been posted from the cash book. Furthermore, the bookkeeper has made the common mistake of not including the cash balance of R156 and the bank balance of R8 744. Required Show, by means of a statement, the adjustments necessary to balance the trial balance. Then prepare a new trial balance.
Freehold premises		20 000		00
Machinery		15 000		00
Motor vehicles		5 627		00
Purchases		13 429		00
Returns inwards		374		00
Sundry debtors		4 682		00
Drawings		1 486		00
Sales		23 108		00
Returns outwards		421		00
Discount allowed		168		00
Sundry creditors		3 809		00
Rent receivable		600		00
Rates		465		00
Telephone		372		00
Stationery		629		00
Licences		243		00
Stock		4 782		00
Interest on mortgage		800		00
Salaries & wages		5 782		00
Carriage inwards		275		00
Petrol		387		00
Repairs to motor vehicle		462		00
70 273	00		85 628		00

Answer 1