You are required to: (a) Record the journal entries to correct all the transactions. (16 marks) (b) Prepare the suspense accounts. (5 marks) (c) Construct a Statement of Corrected Net Profit to accounts for all the adjustment required. (4 marks)

PLEASE ANSWER ASAPPPPP!!!!!!!!!

3. Kamini Enterprise closes its accounts on 31 August every year. For the year ended 2020, the company recorded unadjusted net profit of RM42,100. After the preparation of trial balance, there is disagreement on the balancing amount on debit and credit side and was charged to suspense account. The following information was found to be recorded in error (1) Purchases was undercast by RM1,200. (ii) Credit sales of RM1,200 to Jie Trading was wrongly recorded in Jia Trading (ii) There are no records for payment of RM700 of utilities by cheque. (iv) Discount allowed of RM220 was recorded as discount received (v) RM500 for maintenance of machinery was recorded in the machinery account. (vi) Purchased of stationery supplies of RM450 on credit from Moana Enterprise was recorded on the wrong side of both accounts. (vii) Payment for repairs of motor vehicles costing to RM725 is recorded as RM752 in the repair of motor vehicles' account. (viii) 10% dividend received of RM120,000 investment in Hiccup Bhd by cheques was only recorded in bank account