Miscup showed a difference on their trial balance of £14,650. This was posted to a suspense  account so that the financial statements for the year ended 31 March 20X9 could be prepared.  The following statement of financial position was produced:

On checking the books to eliminate the suspense account you find the following errors:
1. The debit side of the cash book is undercast by £10,000.
2. A credit item of £5,000 in the cash book on account of a new building has not been posted to the nominal ledger.
3. The purchases day book has been summarized for posting to the nominal ledger but an item of purchases of £100 has been entered in the summary as £1,000 and a further transport charge of £450 has been entered as £45.
4. An item of rent received, £45, was posted twice to the nominal ledger from the cash book.
5. The debit side of the sales ledger control account was undercast by £100.
6. On reconciling the bank statement with the cash book, it was discovered that bank charges of £3,250 had not been entered in the cash book.
7. Depreciation of motor vehicles was undercharged by £500.
8. Inventories were undervalued by £1,250.
9. Suppliers’ invoices totalling £2,110 for goods included in inventory had been omitted from the books.

Required
a. Show the journal entries necessary to eliminate the balance on the suspense account.

b. Show the statement of financial position of Miscup as at 31 March 20X9, after correcting all the above errors.

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Statement of financial position for Miscup as at 31st March 20X9 £ £ Cost Deprec ASSETS Non-current assets Tangible assets Freehold premises Motor vehicles Fixtures and fittings Current assets Inventories Trade and other receivables Cash Suspense account Total assets OWNERS' EQUITY AND LIABILITIES Equity and reserves Equity share capital Reserves Current liabilities Trade and other payables Bank overdraft Total liabilities Total equity and liabilities 60,000 25,000 1,500 86,500 11,935 750 12,685 £ NEV 60,000 13,065 750 73,815 75,410 37,140 75 112,625 14,650 201,090 125,000 33,500 158,500 41,360 1,230 42,590 201,090