Transaction	Error	Correction Needed
Extra capital of $8,000	Credited to Sales	Should be credited to Capital
Goods for own use $550	Debited to General Expenses	Should be debited to Drawings
Private insurance $85	Debited to Insurance	Should be debited to Drawings
Purchase from P. Green $680	Entered as $640	Should be corrected to $680
Cash banked $300	Credited to bank column, debited to cash column	Should be corrected to bank column
Cash drawings $200	Credited to bank column	Should be debited to Drawings
Returns inwards $120 from L. Davis	Entered in error in J. Moore’s account	Should be corrected to L. Davis account
Sale of vehicle $1,200	Credited to Motor Expenses	Should be credited to Sales
Requirement: Record the journal entries required to correct these errors and analyze how these corrections would affect the trial balance.