Exercise $30\mathrm{.}8$A $($Bank Reconciliation Statement$)$

and Exercise $32\mathrm{.}6$A$+33\mathrm{.}3$A $($Errors and Suspense$)$

$32\mathrm{.}6$A Journal entries to correct the following are required, but the narratives can be omitted.

$($a$)$ Rent Received E$430$ have been credited to the Commissions Received account.

$($b$)$ Bank charges $534$ have been debited to the Business Rates account.

$($c$)$ Completely omitted from the books is a payment of Motor Expenses by cheque $.$

$($d$)$ A purchase of a fax machine $242$ has been entered in the Purchases account.

$($e$)$ Returns inwards $216$ have been entered on the debit side of the Returns Outwards account.

$($f$)$ A loan from G$.$ Bain E$2,000$ has been entered on the credit side of the Capital account.

$($g$)$ Loan interest of $400$ has been debited to the Van account.

$($h$)$ Goods taken for own use $84$ have been debited to the Purchases account and credited to Drawings.

$33\mathrm{.}3$A You have extracted a trial balance and drawn up accounts for the year ended $31$ December $2014.$ There was a shortage of $78$ on the credit side of the trial balance, a suspense account being opened for that amount.

During $2015$ the following errors made in $2014$ were found:

$($i$)125$ received from sales of old office equipment has been entered in the sales account.

$($ii$)$ Purchases day book had been overcast by $10.$

$($iii$)$ A private purchase of $140$ had been included in the business purchases.

$($iv$)$ Bank charges $22$ entered in the cash book have not been posted to the bank charges account.

$($v$)$ A sale of goods to K$.$ Lamb $230$ was correctly entered in the sales book but entered in the personal account as $320.$

Required:

$($a$)$ Show the requisite journal entries to correct the errors.

$($b$)$ Write up the suspense account showing the correction of the errors.

$($c$)$ The net profit originally calculated for $2014$ was $28,400.$ Show your calculation of the correct figure.