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When preparing a trail balance, the bookkeeper found it disagreed by $600, the credit side being much bigger than the debit side. The difference was
When preparing a trail balance, the bookkeeper found it disagreed by $600, the credit side being much bigger than the debit side. The difference was entered in a suspense account. The following errors were subsequently found:
1. A cheque for $32 for electricity was entered in the cash book but not posted to ledger.
2. The debit side of the wages account is overcast by $28.
3. There is a debit in the rent account of $198 but should be $918.
4. The purchase of an office machine for $3,000 has been posted to the debit side of the purchase account in error.
5. A cheque received from A Li for $80 has been credited to A Lees account in error.
6. The sale of some old office machine for $100 has been credited to sales account in error.
7. An amount of $17 paid for postage had been entered in the carriage outwards account in error.
8. Bank charges of $41 shown on the bank statement have not been entered in the books.
9. A credit sales to J Kong for $120 was entered in the sales day book and J Kongs account as $12.
10. Discount received of $124 received from a creditor has correctly entered in the cash book and purchases ledger but omitted in the general ledger.
Required:
Prepare the journal entries necessary to correct the above errors and show the suspense account. Narratives not required.
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