• •ABC Corp found that an extra capital of $15,000 paid into the bank had been credited to Sales.
  •Goods taken for own use worth $750 had been debited to General Expenses.
  •Private insurance of $95 had been debited to the Insurance account.
  •A purchase of goods from J. Smith for $960 was entered in the books as $690.
  •Cash banked of $500 was credited to the bank column and debited to the cash column in the cash book.
  •Cash drawings of $480 had been credited to the bank column of the cash book.
  •Returns inwards of $210 from G. Brown had been entered in error in K. Wilson’s account.
  •A sale of machinery for $1,500 had been credited to Motor Expenses.
  Requirement: Prepare the correcting journal entries and describe the internal controls that could prevent these errors in the future.