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suspense account: different trial balance on credit side71250 (1) A loan of RM35,000 from the bank was correctly entered in the cash book but was
suspense account: different trial balance on credit side71250
(1) A loan of RM35,000 from the bank was correctly entered in the cash book but was posted to the wrong side of the bank loan account. (ii) The totals of discount received amounted to RM1,250 was omitted from the discount received account though its entry in the creditor accounts had been recorded (im) (iv) The purchase of motor vehicle that cost RM55,000 had been entered wrongly into the company's purchases account. S account A cheque of RM4,660 received from a debtor, Syarikat Binajaya, had been entered in the credit side of bad debts account in the mistaken of Syarikat Binamaju whose account had been written off due to bankruptcy. However, the entry in the cash book was correct. (v) While reconciling the cash book with the bank statement, there was a cheque book charges of RM8 that had not been entered in the company's record. (v) Purchases return of RM580 had been omitted entirely from the purchases return account REQUIRED (a) Prepare journal entries to correct the errors above. (Narratives is NOT required) 32C Rain showers AID T6.35 * ENG 74 6/8/2021Step by Step Solution
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