contestada

The trial balance prepared as at 30th June 20xx by Chathurika's Business did not tally. The difference of Rs.4,500 was credited to a suspense account. Subsequent examination of accounting records revealed following errors. 1. Returns inwards of Rs.3,000 by a debtor has not been recorded in the debtors account. 2. Stationery purchases Rs.500 has been recorded twice in the ledger. 3. Building rent payment Rs. 1,250 has been debited to both accounts. 4. Discount allowed Rs. 1,200 has not been recorded in the trial balance. 5. Although interest received Rs. 2,200 has been correctly recorded in the cash book, it has been recorded in the discount received account as Rs.2,000. You are required to prepare, i. The journal entries to rectify above errors ii. Suspense account​