11 250 5.000 2,600 450 7.100 The bookkeeping was done by unqualified bookkeeper. The following errors ware discovered at 31/12/16 (a) A sale of goods to Chanda for K2 500 000 was debited in the sales account and (b) The discount received column of the cash book for K 500 000 was not posted to (c) The purchases account was overcast by K400 000 and at the same time (a) Goods sold to Mulenga C on credit for K200000 were not entered in Mulenga's ( A payment for rent and rates by cheque for KB 700 000 was entered in the cash D The account of a customer was undercast by K100 000 credited in Chanda's account commission received was undercast by K200 000 book as K7 800 000. (g) Ks00 000 paid for purchase of old office equipment had been entered in (h) A balance of K100 000 owing by a debtor, Chishimba, had been omitted from the purchases account. (a) Prepare journal entries to corect the above errors (b) Prepare suspense account (e) Prepare a trial balance after the correction of the above errors (d) Prepare an Income statement for the period (e) Prepare a statement of Financial Position (S Marks) (5 Marks) (0Marks) (12 Marks) Marks) [Total:40 Marks Due date to be communicated at short notice