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5324b80b/5478597?X-Blackboard-Expiration=1628769600000&X-Blackboard-Signature=1H4W 8 / 10 96% + 1. At the end of a business year, DEF Co prepared its trial balance and discovered a shortfall of
5324b80b/5478597?X-Blackboard-Expiration=1628769600000&X-Blackboard-Signature=1H4W 8 / 10 96% + 1. At the end of a business year, DEF Co prepared its trial balance and discovered a shortfall of $1,147 on the credit total. On reviewing DEF Co's records, you note that: (i) a credit sale of $150 was correctly credited in the sales account but no other entry was made. (ii) the purchase daybook was undercast by $400. (iii) a cheque received from a customer was correctly recorded in the cash book as $2,174, but $1,274 was posted in the trade receivables account. se (iv) a purchase return of $230 was credited to purchase return account and trade payables account. A discount received of $57 was debited in the trade payables account only. (vi) A dividend payment of $800 was debited in dividend paid account only. Required: (a) Show the journal entry for the corre of each error from (i) to (vi), including the narrative. (12 marks) (b) Show DEF Co's suspense account including the correction of the errors. (3 marks) (You MUST present your answer in a format which clearly indicates a brief narrative for each entry, and whether each entry is a debit or a credit) (c) State and briefly explain THREE errors which will not be disclosed by extracting a (5 marks) (20 marks) DEN PROPE 31C Mostly sunny
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