Yang is a supplier of goods to Win. The following transactions took place in March 2012. 2012 March 1 Win owed $3 000 to Yang. March 17 Win purchased goods from Yang with a list price of $1 000. Yang allowed Win 20% trade discount. March 20 Win returned goods purchased on 17 March, list price of $200. March 30 Win informed Yang that he had ceased trading and was unable to pay his debt in full. Win offered Yang $650 in full settlement, which Yang accepted. REQUIRED

1. (a)Prepare the account of Win in the ledger of Yang. Win account[7]
2. (b)State the name of the document that Yang would send to Win, following delivery of the goods returned on 20 March 2012.[1]
3. (c)State the name of the book of prime entry used to write off the bad debt.[1]
4. (d)(i)State one purpose in preparing a trial balance.[2]
5. (d)(ii)State whether the following accounts would be listed as a debit or a credit in the trial balance. The first account has been completed as an example. Account Capital Provision for depreciation Inventory Bank (overdraft) Wages Debit or Credit Credit[4]
6. (e)State three types of errors not revealed by the trial balance.[3]
7. (f)After Yang prepared the trial balance he discovered the following error: March 5 A sale of goods to Wilbur, $6 000, was debited to sales and credited to Wilbur. Prepare the journal entry to correct the error. A narrative is not required. Journal Dr $ Cr $[2]