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You are provided with the following trial balance of Kolbe traders for February 2020. Trial balance of Kolbe Traders at 29 February 2020 Fol Debit Credit Statement of Financial Position Section Capital B1 500 000 Equipment B2 200 000 Vehicles 40 000 Bank B3 5 000 Rent expense B4 20 000 Nominal Accounts section Sales N1 65 000 Telephone N2 2 000 Repairs and maintenance N3 3 000 Interest expense N4 1 000 Salaries N5 24 000 ? ? Required: Identify any errors/omissions on this trial balance and suggest how it should be corrected
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