Question

326A Journal entries to correct the following are required, but the narratives can be omitted. pletely omitted from sith nor ratio e) Rent Received £430 have been credited to the Commissions Received account. b) Bank charges £34 have been debited to the Business Rates account. (d Completely omitted from the books is a payment of Motor Expenses by cheque £37. (d) A purchase of a fax machine £242 has been entered in the Purchases account. le) Returns inwards £216 have been entered on the debit side of the Returns Outwards account. Expenses account. edit, as £206. de of the cash book de of the Drawings Discounts Received A loan from G. Bain £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. )Goods taken for own use E84 have been debited to the Purchases account and credited to Drawings.

Answer 1

Note: Ignored narrations as requested.