RST Ltd. identified that an extra capital of $14,000 paid into the bank had been credited to Sales. Goods taken for own use worth $980 had been debited to General Expenses. Private insurance of $115 had been debited to the Insurance account. A purchase of goods from L. Wilson for $810 was entered in the books as $710. Cash banked of $460 was credited to the bank column and debited to the cash column in the cash book. Cash drawings of $530 had been credited to the bank column of the cash book. Returns inwards of $240 from D. Roberts had been entered in error in T. Williams’s account. A sale of office furniture for $1,700 had been credited to Office Expenses.
 Requirement: Record the necessary journal entries to correct these errors and discuss the changes on the financial position.