QUESTION 5 (MAR2017) Little Almond Biz recorded its business transactions for the first time and the following transactions were wrongly recorded: 1. A cash sale amounting to RM1,500 was correctly posted to the cash account. However, the sales account was credited with RM1,050. 2. A cash purchase of a computer worth RM1,800 was wrongly debited to the repair and maintenance account 3. Paid the advertising expenses amounted to RM500 in cash. The entry was only made in cash account but not in the advertising expenses account. Required: i. Identify the type of errors made by the Little Almond Biz in recording the above transactions ii. Show the necessary correction to be made for the above errors either in the general journal (for errors not affecting trial balance) OR in general ledger (for errors affecting trial balance). QUESTION 5 (MAR2017) Little Almond Biz recorded its business transactions for the first time and the following transactions were wrongly recorded: 1. A cash sale amounting to RM1,500 was correctly posted to the cash account. However, the sales account was credited with RM1,050. 2. A cash purchase of a computer worth RM1,800 was wrongly debited to the repair and maintenance account 3. Paid the advertising expenses amounted to RM500 in cash. The entry was only made in cash account but not in the advertising expenses account. Required: i. Identify the type of errors made by the Little Almond Biz in recording the above transactions ii. Show the necessary correction to be made for the above errors either in the general journal (for errors not affecting trial balance) OR in general ledger (for errors affecting trial balance)