Problem
Harambee Trader started operating on the 01 January 2015. Throughout the year the following transactions were recorded in the books as at 31 December 2015.
1. Bank charges of N$ 2 550 was debited to Rent income account.
2. A cheque payment to R Smith of N$ 1 200 was omitted.
3. Cash drawings of N$ 450 had been credit to the bank account and debited to drawings account.
4. Credit sale of N$ 3 850 was recorded as N$ 3 580.
5. Discount allowed of N$ 150 was debited in error to Discount received.
6. Credit sale of N$ 1 000 was recorded as N$ 1 200 both in the sales account and customer (debtors) account.
7. Cash payment of N$ 120 for wages was wrongly debited to cash and credit to wages account.
8. Motor vehicle that was purchased for N$ 4 500 was debited to purchases account and credited to bank account.
9. Commission received of N$ 330 was credited to Sales account.
10. Loan received of N$ 550 was credited to Creditor account and debited to bank.
Required:
Prepare journal entries to correct above mentioned errors. Narratives are not required.