A trial balance was extracted on 31 December 2008 and the totals did not agree, there being a

£54 shortage on the credit column. As a result, a suspense account was opened. In January 2009, the following errors were discovered.

(a) Cash paid into the bank of £44 was entered on the credit side of both accounts.

(b) Insurance paid by cheque was entered as £87 when it should have been £78.

(c) Returns outwards of £90 was treated correctly in the creditor’s account but was then debited to returns inwards.

(d) A sale of £158 on credit to J Saunders was only entered into the sales account.

(e) Extra capital contributed in the form of £320 cash was entered correctly in cash but as

£230 in the capital account.

Produce the journal entries needed to correct the errors and make corresponding entries, where appropriate, in the suspense account.