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The summarised statement of financial position of Crocky Mamba as at 3 1 st December 2 0 2 1 is as follows: - Sh .

The summarised statement of financial position of Crocky Mamba as at 31st December 2021 is as follows: -
Sh. Sh.
Capital (1 January 2021)90,000 Fixed Assets
Profit for the year 80,000 Fixture fittings and equipment 24,000
170,000 Less depreciation 10,00014,000
Drawings
Motor vehicle 30,000
Less: Depreciation 8,00022,000
Current liabilities Current Assets
Creditors 29,800 Stock 60,000
Suspense account 20030,000 Debtors 34,000
104,000_______ Bank 10,000
140,000140,000
Subsequently the following errors were discovered: -
1. A debit balance of Kshs.800 for P. Mac was omitted from debtors.
2. An entry of Kshs.200 returns outwards was made in error in sales book instead of purchases returns book.
3. The purchases day book had been under cast by Kshs.1,600.
4. A new calculator costing Kshs.12,000 had been debited to repairs account (depreciation on fixtures, fittings and equipment is 15% on cost).
5. A cheque for Kshs.500 paid to J. Opiyo (creditor) was correctly entered in the cash book but credited to his account.
6. A bad debt of Kshs.500 should have been written off but this was not done.
7. Goods valued at Kshs.4,000 were taken by Crocky Mamba for his personal use and no entry has been made in the books.
8. Kshs.1,800 discount received had been correctly entered in cash book but had been posted to the wrong side of discounts received account.
Required;
a) Journal entries to correct the errors
b) Statement of adjusted profit

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