LMN Ltd. found that an extra capital of $25,000 paid into the bank had been credited to Sales. Goods taken for own use worth $1,700 had been debited to General Expenses. Private insurance of $110 had been debited to the Insurance account. A purchase of goods from G. Anderson for $980 was entered in the books as $880. Cash banked of $660 was credited to the bank column and debited to the cash column in the cash book. Cash drawings of $710 had been credited to the bank column of the cash book. Returns inwards of $380 from P. Johnson had been entered in error in R. Lewis’s account. A sale of office furniture for $3,200 had been credited to Office Expenses.
 Requirement: Provide the necessary journal entries to correct these errors and discuss the changes on the financial position.