Donalds financial year ends on 30 September. The Trial Balance prepared on 30 September 2018 showed a shortage of $2000 on the debit side. Donald entered it in a suspense account and prepared a draft income statement which showed a profit of $54000. An investigation of the books revealed the following:

1. (i) Motor vehicles costing $5000 had been incorrectly treated as purchases of goods for resale. Depreciation is provided at 20% per annum on cost.

2. (ii) The withdrawals of $3000 by the owner for his private use had been incorrectly recorded as Sundry Expenses.

3. (iii) The payment of $ 2300 for General expenses by cheque was completely omitted from the books.

4. (iv) Sales Returns account had been undercast by $600.

5. (v) A cash payment of $1250 to a supplier had been recorded only in the Cash book.

6. (vi) A cheque receipt of $2680 from a customer had been recorded in the bank account as $2860.

7. (vii) A payment of $330 for Insurance had been credited twice in the bank account.

8. (viii) A payment of $450 to B.Jack had been recorded to the debit side of J.Back account.

You are required to prepare:

1. (a) Journal entries to correct the above errors

2. (b) Suspense Account

3. (c) A statement of corrected profit.