• •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 $1,750 had been debited to General Expenses.
  •Private insurance of $135 had been debited to the Insurance account.
  •A purchase of goods from D. Adams for $920 was entered in the books as $820.
  •Cash banked of $610 was credited to the bank column and debited to the cash column in the cash book.
  •Cash drawings of $640 had been credited to the bank column of the cash book.
  •Returns inwards of $270 from C. Brown had been entered in error in S. Wilson’s account.
  •A sale of equipment for $3,000 had been credited to Motor Expenses.
  Requirement: Prepare the necessary journal entries and evaluate the impact on the income statement.