Provide the journal to correct each of the following errors:1) A cash sale of GHS10,000.00 was not recorded.2) Rates expense of GHS500.00, paid in cash has been debited to the rent account in error.3) A non-current asset purchase of GHS10,000.00 on credit has been debited to the repairsexpense account rather than an asset account.4) Goods purchased at a cost of GHS950.00 paid in cash has been debited to the salesaccount.5) A cash sale of GHS7600.00 has been recorded as GHS6700.006) A cash sale of GHS2000.00 has been debited to sales and credited to cash.

A firm wrote a check for $114 to pay utilities expense and recorded a journal entry in which this amount was added to its cash balance. On a bank reconciliation statement this error would be shown as:

Financing records should not contain errors; if they do, there are consequences. Identify the consequences of having the following. Owners added capital. This was only credited in the capital account. Payment for Sh 10,000 loan not recorded A bad debt was recorded by debiting the bad debt expense account but no entry was made in the debtor's account A motor expense was debited in the motor account and credited in the cash book A receipt of payment by a debtor was debited in the cash book but not recorded in the debtor's account Choose: assets, liabilities, and capital were overstated; assets overstated; liabilities understated ; no error; expenses overstated; capital overstated; assets understated; liabilities, understated and assets overstated; assets overstated and expense understated; asset overstated and liabilities overstated; capital understated;

The narration for the following journal entry could be,Received discount A/C - Dr 3000Discount allowed A/C - Dr 3000Suspense A/C 60001. Rectifying the error of recording an allowed discount of Rs. 3000 to the received discount account2. Rectifying the error of debiting an allowed discount of Rs. 3000 to the received discount3. Rectifying the error of crediting a received discount of Rs. 3000 to discount allowed a/c4. Rectifying the error of missing an allowed discount of Rs. 30005. Rectifying the error of not extracting the allowed and received discounts to the trial balance

Which of these errors will cause the Trial Balance to be out of balance?Select one:a.All of these errors.b.Purchase of supplies for cash pf P 1,500 is posted as debit to Cash and credit to Supplies Expense.c.A collection from a customer of P250 was recorded as debit to Accounts Receivable and credit to Cash for the same amount.d.Sales on credit of P850 were recorded as debit to Accounts Receivable of P850 and credit to Sales of P580.

An entity received R500 cash for the sale of goods. The entity applies the periodic inventory system and posted the following journal entry in the general journal:Debit: Sales    R500Credit: Bank      R500 This error will be detected in the trial balance, because the total debits and the total credits will NOT be equal.