What are the journal entries to correct the following errors?
1. A purchase of goods for $272 being omitted from the payables control account.
2. A sale of goods for $272 being omitted from the receivables control account.
3. An invoice of $272 for electricity being credited to the electricity account.
4. A receipt for $272 from a customer being omitted from cash book.
Suggested Solution:
| 1 | Debit | Suspense account | 272 | Credit | Payables control | 272 |
| 2 | Debit | Receivables control | 272 | Credit | Suspense account | 272 |
| 3 | Debit | electricity expenses | 544 | Credit | Suspense account | 544 |
| 4 | Debit | Cash | 272 | Debit | Receivables control | 272 |