• •DEF Corp found that an extra capital of $30,000 paid into the bank had been credited to Sales.
  •Goods taken for own use worth $2,850 had been debited to General Expenses.
  •Private insurance of $160 had been debited to the Insurance account.
  •A purchase of goods from P. Anderson for $1,180 was entered in the books as $1,080.
  •Cash banked of $1,120 was credited to the bank column and debited to the cash column in the cash book.
  •Cash drawings of $1,160 had been credited to the bank column of the cash book.
  •Returns inwards of $620 from R. Harris had been entered in error in J. Robinson’s account.
  •A sale of equipment for $4,700 had been credited to Motor Expenses.
  Requirement: Prepare the necessary journal entries and evaluate the impact on the financial position.