(20 MARKS) QUESTION2 Johanna Benson is a sole proprietor with a small business operating in the Central Business District (CBD) of Windhoek. The trial balance extracted as at 30 september 2016 faled to agree. A deficiency of N$ 12,360 exists on the credit side. A detailed examination of the books was undertaken and the follonwing matters were uncovered 1. An old motor vehicle was sold on the 1t of September 2016 for N$ 11,100. The vehide originally cost NS 50,250 and had a balance in the accumulated depreciation account of N$ 42,300 at the time of the sale The only entry that has been made to record the transaction is to debit bank and credit sales with N$ 11,100. 2. The total in the sales daybook was N$ 126,300-the figure used when posting to the general 3. The entry for consumables bought, N$ 840, from the petty cash box was completely omitted 4. Cash drawings by Johanna Benson of N$ 3.330 were treated as cash sales in error ledger accounts was N$ 123 600. from the records. 5. Discount allowed of NS 195 were credit to the discount received account. The entry in the 6. A credit note for NS 2,310 for purchases retuns was treated crrectly in the supplier's account 7. A cheque payment to a payable for N$ 3,900 was treated appropriately in the supplier's account Note: Ignore the effects of VAT and depreciation. receivable's personal account was correct. and debited to the purchases returms account as NS 2 640. and debited to drawings REQUIRED a) Prepare the general journal entries, necessary to correct the above errors b) Prepare a suspense account to clear the difference. (10) Prepare a statement showing the effect on the proprietor's profit (if any) of correcting each of the above errors. You should commence your answer with the pre-accounting profit of N$ 15 500