【General guidance】The answer provided below has been developed in a clear step by step manner.Step1/2(a) Preparation of Corrected Trial Balance as at 31 December 2022Trial Balance as on 31 December 2022Account TitleDebitCreditKKOrdinary Share Capital60,000General reserve30000Motor Vehicle at cost54,000Accumulated Depreciation as at January 0118000Fixtures and Fittings at cost66,000Accumulated Depreciation as at January 0133,000Inventory at January 0142,700Cash at bank4,100Trade Receivable48,400Trade Payable18900Discount received5,200Discount allowed2,400Sales220,000Purchases14100012% Debentures48,000Interest on Loan7,200Salaries and Wages34, ... See the full answer