B Bernard is the owner of a retail business. She has employed an inexperienced book-keeper to maintain her accounting records. (A) On 31 March 2014 the end of the business's accounting year, the book-keeper extracted the following trial balance from the business records: Trial Balance at 31March 2014 Additional information Prepare: 1(a). A corrected version of B. Bernard's trial balance dated 31 March 2014 based on the above information, but with an amended figure for the suspense account. (10 marks) 1b. The following errors were found in the accounting system after a corrected version of the trial balance above was prepared. 2. The total of the sales day book for December 2014 had been overstated by $120. 3. In January 2014 some new office equipment had been purchased for $360, this had been debited to the purchases account 4. A payment by cheque to a creditor $216, had been entered in the book as $261. 5. A credit note for $37 sent to a customer had been overlooked 6. The owner had withdrawn a cheque for $80 for private use in October 2014 ; both the bank and drawing account had been credited with this amount. Required: A. Prepare Journal entries to correct each of these errors. B. The suspense accounts. (Start with the amount in the corrected trial balance given in answers to additional information 1 above, and include any entries arising from the correction of the errors). (20 marks) B Bernard is the owner of a retail business. She has employed an inexperienced book-keeper to maintain her accounting records. (A) On 31 March 2014 the end of the business's accounting year, the book-keeper extracted the following trial balance from the business records: Trial Balance at 31March 2014 Additional information Prepare: 1(a). A corrected version of B. Bernard's trial balance dated 31 March 2014 based on the above information, but with an amended figure for the suspense account. (10 marks) 1b. The following errors were found in the accounting system after a corrected version of the trial balance above was prepared. 2. The total of the sales day book for December 2014 had been overstated by $120. 3. In January 2014 some new office equipment had been purchased for $360, this had been debited to the purchases account 4. A payment by cheque to a creditor $216, had been entered in the book as $261. 5. A credit note for $37 sent to a customer had been overlooked 6. The owner had withdrawn a cheque for $80 for private use in October 2014 ; both the bank and drawing account had been credited with this amount. Required: A. Prepare Journal entries to correct each of these errors. B. The suspense accounts. (Start with the amount in the corrected trial balance given in answers to additional information 1 above, and include any entries arising from the correction of the errors). (20 marks)