Asia is a trader. She prepared her trial balance at 31 August 2023. The credit side totalled $273 more than the debit side. Asia placed the difference in a suspense account. Asia later discovered the following errors. 1 A credit purchase, $112, from Jacques, had been entered twice in the purchases journal. 2 The wages account had been overcast by $300. 3 Cash received, $75, from Savanah, a trade receivable, had only been entered in the cash book. 4 The total of the sales returns journal for August 2023 of $198, had been credited to both the sales returns account and the purchases returns account. 5 A payment to Sophie, $93, had been recorded as $39 in Sophie's account.

1. (a)Prepare the journal entries to correct errors 1–5. Narratives are not required. Asia Journal Error Details Debit Credit number $ $[11]
2. (b)Prepare the suspense account, including the original difference on the trial balance. Asia Suspense account Date Details $ Date Details $[5]
3. (c)Complete the following table by placing a tick (✔) to show the effect of each error. The first one has been completed as an example. Error Error Gross profit Profit for No effect number the year + – + – 1 A credit purchase, $112, from Jacques, ✔ ✔ had been debited twice to the purchases account. 2 The wages account had been overcast by $300. 3 Cash received, $75 from Savanah, a trade receivable, had only been entered in the cash book. 4 The total of the sales returns journal for August 2023, $198, had been credited to both the sales returns account and the purchases returns account. 5 A payment to Sophie, $93, had been recorded as $39 in Sophie's account.[4]