I have just 35 minutes only please make it as soon as possible

Section B Q2. (Continued) (b) Explain why incoming funds and outgoing funds appear as credit entries and debit entries in the bank statement, respectively. (4 marks) [Total : 25 marks] Q3. Rahmah failed to balance the trial balance by RM30 as of 31 December 2020. The following errors were subsequently identified in the books. Payment of RM150 by cheque for utility was totally omitted. () A receipt of RM980 by cash for service revenue had been debited correctly to the cash account but credited in service revenue as RM890. (iii) Return of goods worth RM500 by Cheng Yi had been treated as sales. The amount was debited to a debtor, Chong Hen and credited to the sales account. (iv) Salaries were overcast by RM1,700 so has the commission revenue. (v) Telephone expenses were undercast by RM120. Required: (a) Prepare the journal entries to correct the errors (narratives are not required). (12 marks) (6) Prepare the suspense account after the errors have been corrected. (3 marks) (C) Identify the type of errors for each of the transactions in Q3. (i) to (v) and explain the effects of these errors on the net profit. (10 marks) [Total : 25 marks]