Question $3$

Mensco Ltd had its total debit exceeding the total credit in the trial balance as at ${31}^{st}$ ?Decembe $2021$ ?by $GHC10,000.$ ?The following were revealed during investigations:

$($a$)$ ?Sales had been overcast by $GHC12,000$

$($b$)$ ?Discount allowed had been understated by $GHC3,000$

$($c$)$ ?Purchases of $GHC7,500$ ?has been credited to the purchases account.

$($d$)$ ?Insurance paid by cash of GHC$18,396$ ?was recorded in the cash book as GHC$8,396$

$($e$)$ ?A payment by a debtor of $GHC30,000$ ?by a direct bank transfer had not been entered the debtor's account.

$($f$)$ ?Salary of GHC$6,000$ ?had been recorded in Sundry expense account

Required:

$($a$)$ ?Show the necessary journal entries to correct the above errors

$($b$)$ ?Prepare the Suspense account.

Susp