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  3. the following trial balance of unique company as o

The following trial balance of Unique Company as of December 31,2022 is out of balance....

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Question

Accounting

The following trial balance of Unique Company as of December 31,2022 is out of balance.
Debit
Credit
Cash
70,000
Accounts receivable
25,000
Office equipment
90,000
Accounts payable
65,000
Jose Capital
107,500
Service Income
62,500
Salary Expense
25,000
Rent Expense
5,000
Utilities Expense
1,600
216,600
235,000
In the process of verifying the amount in the trial balance, the following errors were discovered:
A debit to P 5,000 was not posted to accounts payable
A debit to utilities expense for P1,000 was posted as P100
A debit entry for accounts receivable was posted to the credit side, P 5,000.
Service income of P2,500 was posted twice.
Questions:
What will be the correct balance of the trial balance as of 31 December 2022?
How much is the correct net income of Unique Company?
How much is the correct total assets of Unique Company as of 31 December 2022?

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