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The trial balance of ASEM MPE NIPA Ltd. for the year ended 31st December 2018 failed to agree and the difference of GH81,000 was debited

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The trial balance of ASEM MPE NIPA Ltd. for the year ended 31st December 2018 failed to agree and the difference of GH81,000 was debited to the suspense account. Accounts were prepared on the basis of the trial balance and showed a net profit of GH2,000,000. The following errors were subsequently discovered: a. The sales daybook had been overcast by GH9,000 b. The discount allowed of GH61,200 correctly entered in the sales ledger had been posted to the wrong side of the discount allowed account in the nominal ledger c. Cheques received from Ibrahim a customer amounting to GH18,200 was entered correctly in the cash book but has been credited to the personal account as GH 12,800 d. A credit purchase of GH27,000 from Ruth has not been entered on her personal account in the bought ledger. e. A credit note of GH12,600 for goods returned by Korkor a customer had been entered twice in the return inward book and credited twice to the personal account of the customer f. A payment of GH39,000 on 30th Dec for repairs of motor vehicle had been debited to the motor vehicle account. g. Part of the company's premises had been let as from Ist December at a monthly rent of GH6,000 on IST Dec. The tenant paid three months' rent in advance. This amount had been entered in the cash book but no other entry had been made in any other account. You are required to: a. Write up journal entries to correct the above errors b. Show the suspense account c. Calculate the amount of the net profit after correcting the above errors

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