Question: need this asap Please help me to answer suspense accounts and errors. Please put a separate account just for suspense too thank you QUESTION 2:

need this asap need this asap Please help me to answer suspense accounts and errors.

Please help me to answer suspense accounts and errors. Please put a separate account just for suspense too thank you QUESTION 2: Jason is responsible for preparing his business's accounting records. He has discovered some errors in this year's accounts. REQUIRED: (a) State two types of error which do not affect the agreement of the totals of a trial balance Additional information: When Jason prepared a trial balance on 30 September 2020 the totals did not agree The total of debit entries was greater than the total of credit entries by E1,140. A suspense account was opened for the difference. Subsequently the following errors were found 1 The total of the sales returns journal was undercast by 90. 2 The owner had withdrawn inventory valued at cost, 870. The only entry made was to debit the drawings account. 3 The total of the discount received column in the cash book, F180, had been debited to the discounts allowed account. There were no other errors. REQUIRED: (b) Prepare entries in the general journal to correct these errors. Narratives are not required. [5] (c) Prepare the suspense account (4) Additional information: The business's draft profit for the year ended 30 September 2020 was 68,440 before taking account of the errors. REQUIRED: (d) Calculate the corrected profit for the year ended 30 September 2020. (4) [15 Marks

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