For the year ended 31 December 2012 Tim Blunt reported a gross profit of £184,500 and a net profit of £79,800, reporting the Trial Balance difference in a Suspense account. Subsequently, the following accounting errors were detected:

(a) A folio in the Purchases Day Book had been added as £144,800, instead of £114,800.

(b) £4,500 paid to Molly Poe, a supplier, has not been posted to her account.

(c) Three months’ rent of £6,000, remaining unpaid, has not been accounted for.

Required:

(a) Set out the journal entries needed to correct the errors.

(b) Show the Suspense Account, and

(c) calculate the revised Gross profit and Net profit for the year ended 31 December 2012.