Question Two a) Use the following data to prepare a three-column cashbook all figures are in thousands (Shs 000) 2017 Mar 1 Balances brought forward: Cash Sh 230; Bank. Sh 4,756. 2 The following paid their accounts by Cheque, in each case deducting 5 percent discounts: R.Ken Sh 140; E. Mwaura Sh 220; R. 1-laffen Sh 300. 4 Paid rent by cheque Sh 120. 6 J. Aluoch lent us Sh 1,000 paying by cheque. 8 We paid the following accounts by cheque in each case deducting 2'17 per cent cash discount: N. White Sh 60; P. Paul Sh 480; C. Moses Sh 800, 10 Paid motor expenses in cash Sh 44. 12 H. Moraa pays his account of Sh 77, by cheque Sh 74. deducting Sh 3 cash discount 15 Paid wages in cash Sh 160. 18 The following paid theiriaccounts by cheque, in each case deducting 5 per cent cash discount: C. Mwangi Sh 260; R Wilson & Son Sh 340; H. Njoroge Sh 460. 21 Cash withdrawn from the bank Sh 350 for business use 24 Cash Drawings Sh 120. 25 Paid T. Koech his account of Sh 140, by cash Sh 133, having deducted Sh 7 cash discount. 29 Bought fixtures paying by cheque Sh 650. 31 Received commission by cheque Sh 88. (10 marks) b) In January 2017 the following errors made in 2017 were found: (1) Sales daybook had been under cast by Sh.1,000. (ii) Sales of Sh.2, 500 to J Church had been debited in error to J Chane account. (ii) Rent account had been under cast by Sh.700. (iv) Discounts received account had been under cast by Sh.3. 000 (v) The sale of a motor vehicle at book value had been credited in error to Sales account Sh.3, 600. You are required to: a) Show the journal entries necessary to correct the errors. b) Draw up the suspense account after the errors described have been corrected (10 marks)