QUESTION $2$

G$2$ is a sole trader with a small business. The trial balance extracted as at $31$ December $2022$ failed to agree. The credits exceeded the debits by GH$26,180.$ A detailed examination of the books was undertaken and the following issues were uncovered:

No entry had been made for expenses paid with cash from the petty cash till. The expenses amounted to GH$826.$

Discount received of $GH!in770$ was debited to discounts allowed. The entry in the payables $-$ cr edth personal account was correct.

Sales returns of GH$6,860$ was treated correctly in the customer's account and credited to the sales returns account as $GH6,230.$

The total in the purchases day book of $GH120,050$ was debited to the purchases returns account.

The bookkeeper forgot to post the wages and salaries journal for December $2018.$ No payment has yet been made to employees or the Statutory Authorities. The relevant figures are as follows:

Wages and salary costs $($gross$)-$ GH$71,050$

Employers Social Security $-$ GH$6,300$

Employee income taxes $($PAYE$)-$ GH$21$

A sales invoice of GH&$7,350$ was entered

A payment for building repairs of $GH7,31.$ and the cash account.