You have been provided with the company’s trial balance as at 31 March 2020. Unfortunately, it was prepared by a junior member of staff and does NOT balance.

Men with Ven plc Trial Balance As at 31 March 2020
	£	£
Equity shares		100,000
8% debentures		50,000
Share premium		9,500
Retained profits		12,976
Motor vehicles (cost)	210,000
Accumulated depreciation		19,000
Inventories	14,167
Accounts receivable	11,000
Accounts payable		8,336
Bank	10,906
Sales		270,620
Purchases	186,000
Wages	33,502
Electricity expenses	350
Rent expenses2	2,218
General expenses	1,112
Debenture interest	4,000

The junior member of staff has identified the following errors but does not know how to correct them:

1. A payment of £150 for electricity was entered in the Bank Account but was not recorded in the Electricity Expense Account.
2. There is a debit in the Rent Expense Account for £718 and a debit to the bank account for the same amount.
3. A sale for £1,200 has been entered correctly in Accounts Receivable but as £120 in the Sales Account.
4. A payment to a supplier of £457 has been correctly recorded in Accounts Payable Account but no other entry has been made.

1. Prepare journal entries to correct the above errors and prepare a T-account for the Suspense Account showing the entries.