The following totals of Peter Yarrow’s trial balance on 30 April 2009 did not agree and were as follows:

An accountant friend checked though the accounts and found the following mistakes:

(a) Discounts allowed have been entered as a credit entry of £470. However, the true figure for this entry of discounts allowed should have been £280.

(b) Rent received by cheque of £630 was only entered into the cash book.

(c) The sales day book was undercast by £950.

(d) Yarrow withdrew £810 from the bank for his own use. He had entered this as a sundry expense.
Produce the journal entries required to correct these errors and the suspense account showing the corrections.

Transcribed Image Text:

Debit 18,312 Credit 17,482