XYZ Ltd. identified that an extra capital of $40,000 paid into the bank had been credited to Sales. Goods taken for own use worth $3,300 had been debited to General Expenses. Private insurance of $185 had been debited to the Insurance account. A purchase of goods from J. Clark for $1,230 was entered in the books as $1,130. Cash banked of $1,300 was credited to the bank column and debited to the cash column in the cash book. Cash drawings of $1,320 had been credited to the bank column of the cash book. Returns inwards of $720 from T. Anderson had been entered in error in L. Johnson’s account. A sale of office furniture for $5,300 had been credited to Office Expenses.
 Requirement: Record the journal entries needed to correct these errors and describe the impact on the financial statements.