Question

My balance sheet does not balance please correct the missing information from trial balance and correct the balance sheet below.

Trial Balance

	2015
	Dr	Cr
Accounts Payable		999,210
Accounts Receivable	2,943,125
Accrued Liabilities - Other		508,643
Accrued Pension Liabilities		650,216
Accrued Restructuring Charges		126,000
Accrued Salaries, Wages and Commissions		281,364
Accumulated Other Comprehensive Income (Loss)	621,236
Accumulated Depreciation - Property, Plant & Equipment		1,829,634
Accumulated Post-Employment Benefit Obligation (long-term)		802,316
Additional Paid-in Capital, Common Stock		299,304
Additional Paid-in Capital, Preferred Stock		75
Allowance for Doubtful Accounts		125,436
Bonds Payable		244,563
Cash and Cash Equivalents	401,236
Common Stock ($1.00 par value) authorized 900 million shares issued 300 million shares in 2016, 284 million in 2015		300,000
Cost of Goods Sold	3,000,235
Current Portion of Long-term Debt		720,125
Deferred Tax Assets (current)	62,596
Deferred Tax Liabilities (long-term)		229,000
Depreciation Expense	307,200
Dividends - Common	292,351
Dividends - Preferred	2,000
General & Administrative Expenses	1,732,429
Goodwill and Other Intangibles	3,212,491
Income Taxes Payable		246,002
Interest Expense	201,366
Interest Income		10,126
Investments in unconsolidated affiliated companies	1,235,000
Inventories	163,214
Long-term Debt		3,223,713
(Loss) Income from Discontinued Operations, net of tax	28,100
Preferred Stock ($10 par value) authorized 10 million shares issued 90,000 shares in 2016, 90,000 in 2015		900
Prepaid Expenses	141,029
Property, Plant and Equipment	2,943,216
Provision for income taxes	245,105
Research and Development Expenses	199,500
Restructuring Charges	199,506
Retained Earnings, beginning		2,960,256
Sales		8,430,061
Selling Expenses	19,365
Short-term Investments	20,000
Treasury Stock, at cost - 117,156,719 shares in 2016 and 108,822,953 shares in 2015	4,472,969
Unearned Revenues		456,325
	22,443,269	22,443,269

Brady and Co.
Balance Sheet
As of December 31, 2015
Assets
Current Assets
Cash and Cash Equivalents		401,236
Short-term Investments		20,000
Accounts Receivable	2,943,125
Less Allowance for Doubtful Accounts	125,436
Net Account Receivable		2,817,689
Inventories		163,214
Prepaid Expenses		141,029
Deferred Tax Assets (current)		62,596
Total Current Assets		3,605,764
Long-Term Assets
Property, Plant and Equipment	2,943,216
Accumulated Depreciation - Property, Plant & Equipment	1,829,634
Net PPE		1,113,582
Goodwill and Other Intangibles		3,212,491
Total Assets		7,931,837
Liabilities
Current Liabilities
Accounts Payable			999,210
Income Tax Payable			246,002
Accrued Salaries, Wages and Commissions			281,364
Accrued Liabilities - Other			508,643
Accrued Restructuring Charges			126,000
Current Portion of Long-term Debt			720,125
Unearned Revenues			456,325
Total Current Liabilities			3,337,669
Long-Term Liabilities
Long-term Debt			3,223,713
Deferred Tax Liabilities (long-term)			229,000
Bonds Payable			244,563
Accrued Pension Liabilities			650,216
Total Long-TermLiabilities			4,347,492
Total Liabilities			7,685,161
Equity
Accumulated Other Comprehensive Income (Loss)		(621,236)
Accumulated Post-Employment Benefit Obligation (long-term)			802,316
Retained Earnings			2,960,256
Common Stock ($1.00 par value) authorized 900 million shares issued 300 million shares in 2016, 284 million in 2015			300,000
Preferred Stock ($10 par value) authorized 10 million shares issued 90,000 shares in 2016, 90,000 in 2015			900
Additional Paid-in Capital, Common Stock			299,304
Additional Paid-in Capital, Preferred Stock			75
Treasury Stock, at cost - 117,156,719 shares in 2016 and 108,822,953 shares in 2015		(4,472,969)
Total Equity			(731,354)
Total Liabilities and Equity			6,953,807

Answer 1