Question $1$

A trial balance failed to agree because the credit side exceeds the debit side by $$2,347.$ A suspense account has been opened into which the difference is entered. Subsequently the following errors were identified:

$1.$ The credit side of the bank account has been overcast by $$1,200.$

$2.$ A sales invoice for $$2,000$ had been posted on the wrong side of the receivables account.

$3.$ Office equipment was traded in for some new equipment. The trade$-$in value of $$300$ has been correctly entered in the Equipment $$ cost a$/$c but the other side of the entry was omitted.

$4.$ Rent received of $$100$ has been debited in the cash book but also debited in error to the rental income account.

$5.$ Car repairs of $$74$ shown in the cash book had been debited to the motor expenses account as $$47.$

$6.$ A cheque payment of computer repairs for $$1,020$ has been entered as $$102$ on both accounts.

$7.$ The purchases account contains a balance of $$1,800$ but this has been entered in the trial balance as $$180.$

Required:

Prepare the journal entries needed to correct the above errors and show the entries in the suspense account.