Correction of Errors

Graces trial balance did not balance, the debits exceeded the credits by $1 560. A suspense account was opened for the difference. You are asked to help and after inspection of the ledgers the following errors were found.

1. $2 500 received from sales of old motor vehicle had been entered in the Sales Account.

2. Purchases day book had been overcast by $200.

3. A cheque of $1 900 from A. Brent was accidentally credited to A. Brians account.

4. The owner took $2 800 worth of goods out of the business purchases.

5. Bank charges $440 entered in the cash book have not been posted to the bank charges account.

6. A sale of goods to R Christie $4 600 was correctly entered in the Cash Book but entered in the personal account ad $6 400.

Required:

a Show the requisite journal entries to correct the balance. (12 marks)