• •STU Corp found that an extra capital of $14,000 paid into the bank had been credited to Sales.
  •Goods taken for own use worth $1,350 had been debited to General Expenses.
  •Private insurance of $145 had been debited to the Insurance account.
  •A purchase of goods from D. Walker for $950 was entered in the books as $850.
  •Cash banked of $460 was credited to the bank column and debited to the cash column in the cash book.
  •Cash drawings of $610 had been credited to the bank column of the cash book.
  •Returns inwards of $300 from E. Allen had been entered in error in N. Scott’s account.
  •A sale of office equipment for $2,700 had been credited to Motor Expenses.
  Requirement: Write the correcting journal entries and describe the impact on the owner's equity.