Jules is a hairdresser. On 30 April 2022, he acquired some new energy-saving hairdrying equipment for $1900 on credit from YZH Limited.
(a)[3]
Write the journal entry needed to record this hairdryer purchase. Include a narrative.
(b)[3]
Put a tick (✓) in the table to show whether each change in expenses would raise or lower the profit.
(c)[10]
Prepare the journal entries needed to correct these five errors. Narratives are not needed.
(d)[4]
Prepare the suspense account. Show the original difference on the trial balance as the balancing figure.
Worked solution & mark scheme
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