Hitastration 4 Capital Add Net profit Balance Sheet As At 30 June 2018 Gh Ghc Ghe 12,500,000 Fixed Assets Cost 3.350.000 Building 6,000,000 15.850,000 Motor Veh 2,500,000 Furniture 150,000 Gh Denn 1.193,500 75,000 Gh NEY 6,000,000 1,306,500 75.000 7,381,500 Current Assets Creditors Bank Overdraft 4,136,000 123,000 4.259.000 Current Assets Stocks 7.541.000 Debtors 3.714,000 Cash 7,500 Suspense 1.465.000 20.109.000 12 727.500 20.109.000 Going through the firm's books, you discovered the following errors: 1. The debit side of the cash book is understated by Gh 1,000,000. 2. A credit item of Gh 4500,000 in the cash book on account of a new motor vehicle has not been posted to the real ledger. 3. The purchases day book had been summarized for posting to the nominal ledger but an item of purchases of Gh10,000 had been entered in the summary as Gh100,000 and an insurance premium of Gh45,000 had been entered as Gh 64,500. 4. Rent received of Gh4,500 was posted twice to the nominal ledger from the cash book. 5. The debit side of the debtors control was understated by Gh510,000, 6. On reconciling the bank statement with the cash book it was discovered that loan repayment of Gh 25,000 had not been entered in the cash book. 7. Depreciation on building of 2% was omitted from the books, 8. Stocks were understated by Ghd 125.000 9. Supplies invoices totaling Ghe211,000 for goods included in stock, had been omitted from the books You are required to show: (1) The journal entries necessary to eliminate the balance on the suspense account (ii) The balance sheet after correcting all the above errors 18