Please correct the journal entries in the following way:

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2. Bkash Corp. hired a new accountant and the following errors were observed: (a) Rent Received $430 have been credited to the Commissions Received account. (b) Bank charges $34 have been debited to the Business Rates account. (c) Completely omitted from the books is a payment of Motor Expenses by cheque $37. (d) A purchase of a fax machine $242 has been entered in the Purchases account. (e) Sales return $216 has been entered on the debit side of the purchase return account. (f) Loan interest of $400 has been debited to the Van account. (g) Cash taken for own use $84 has been credited to Drawings and debited to cash account. Instructions Prepare the journal entry required to correct the errors in the above transactions. (7 marks) GJ4 General Journal Date Account Title and Description Ref. Debit Credit 50 110 140 50 May 2 Accounts Recevable Supplies Reverses April 5 error 2 Supplies Accounts Payable Correcting entry for April 5 50 110 200 50