Jules is a hairdresser. He bought some new energy-saving hairdrying equipment, $1900, on credit from YZH Limited on 30 April 2022. REQUIRED

1. (a)Prepare the journal entry to record the purchase of these hairdryers. A narrative is required. Jules Journal Date Details Debit Credit $ $[3]
2. (b)The new hairdryers will use less electricity than his old ones. There will be an additional insurance charge for the new hairdryers. The old hairdryers had been fully depreciated so that their net book value was nil. REQUIRED Complete the table by placing a tick (✔) to show whether these changes in expenses increase or decrease the profit. Expense Increase Decrease in profit in profit Heat and light Depreciation Insurance[3]
3. (c)Jules has discovered the following five errors in his accounting records for the year ended 30 April 2022. 1 The total for general expenses, $28, in the petty cash book for April 2022 has not been posted to the general ledger. 2 A direct debit to Isaac, a supplier, $195 had been recorded as $159 in the account for Isaac. 3 A payment by credit transfer for wages, $144, has not been recorded in the accounting records. 4 The discount received total for January 2022, $38, had been debited to the discount received account. 5 The account for rent and the account for commission receivable had both been overcast by $200. REQUIRED Prepare the journal entries required to correct these five errors. Narratives are not required. Jules Journal Error number Details Debit Credit $ $[10]
4. (d)Prepare the suspense account. Include the original difference on the trial balance as a balancing figure. Jules Suspense account Date Details $ Date Details $[4]