Assume that you are working as a Senior Accounts Officer in A.A Enterprise, The financial year 31 December 2018 has just ended and your assistant prepared a trial balance which is showing a difference of £ 47,090 which he had put on the credit side of a suspense account. You have investigated and have found the following errors

i) The total of purchases returns day book amounting to £ 16,160 had not been posted to the ledger

ii) Discount received amounting to £ 11,320 had been debited to discount allowed account.                                          

iii) The sales account had been added shortly by £ 10,000                                          

iv) An asset bought four years ago for £ 7,000 and depreciated to £ 1,200 had been sold for £ 1,500. The receipt of cash has been posted in the bank book but corresponding entries have not been recorded.   

v) A credit sale of £ 1,470 had been credited to the customer's account as £ 1,740. Bad debt of £ 1,560 has been written off. The provision for doubtful debts is to be maintained at 10% of debtors. Debtors appearing in the trial balance are £ 23,390 and the provision for bad debts account shows a credit balance of £ 2,320   

vi) A sub-total of £ 29,830 on the list of closing stock had been carried over as £ 29,380 and another sheet had been overcast by £ 1,000 Based on the above information, 

you are required to prepare Adjusting Journal Entries to be incorporated in the Trial Balance as on 31 December 2018