Show the journal entries required to correct the following errors. Entries; narratives must be shown.
Show the journal entries required to correct the following errors. Entries; narratives must be shown.1) Commissions received $ 44000 had been credited to rent receivable account2) Bank charges $ 3850 had been debited to rent account3) Completely omitted from the books of account is a payment of sundry expenses by cheque $ 11504) Purchase of fixtures $ 23700 had been entered in purchases account5) Return inwards of $ 41650 had been entered on the debit side of the return outwards account6) A loan from R. Lincoln $25000 had $ 25000 had been entered on the credit side of capital account7) Loan interest $ 2500 had been debited in the premises account8) Goods taken for own use $ 1250had worth $ 1250 had been debited to purchases account and credited to drawings account
