1): sales of $620 were recorded as $260 in sales account.

Sales account Suspense account Dr Cr $360 $360

(Correction of sales which were recorded as $260 instead of $620)

2): Discount received $600 was recorded in discount allowed account.

Suspense account Discount received Discount allowed Dr Cr Cr $1,200 $600 $600

(Correction of discount received recorded in discount allowed)

3): Purchase of $120 were omitted.

Purchase Account Suspense Account (Correction of purchase that were omitted) Dr Cr $120 $120

4): Advertising expense of $8,500 were recorded in vehicle maintenance account.

Advertising expense Vehicle maintenance account Dr $8,500 Cr $8,500

(Correction of advertising expense that were recorded in vehicle maintenance account)

5): Payment for loading and unloading $600 was duplicated in expense account.
Suspense account Loading and unloading payment Dr $600 Cr $600

(Correction of payment loading and unloading that was duplicated in expense account)

6): An error of $550 was notified in sale account.

Suspense account Sale account (Correction of error that was notified in sale account) Dr Cr $550 $550

7): Purchase of a machine for $5,000 was recorded in maintenance account.

Purchase _Machine Maintenance account Cr $5,000 Dr $5,000

(Correction of purchase of machine that was recorded in maintenance account)

8): Cash discount 2% on net invoice amount of $34,500 was omitted.

Suspense account Discount Received A/c (Correction of cash discount that was omitted) Dr Cr $690 $690

9): Wages for December 2012 amounting $25,000 were not accrued.
Accrued _Liabilities Suspense Account (Correction of wages that were not accrued) Dr Cr $25,000 $25,000

10): The COGS in respect of sales 40 items were not recorded. These items were bought @ $340 each.
Cost of goods sold Inventory (Correction of Cost of goods sold that was not recorded) Dr Cr $13,600 $13,600

Maxim Enterprise
Suspense Account
Difference Sale Discount Received Discount Allowed Wages of loading Sale $23,100 $23,000 $600 $600 $600 $550

Accrued Wages Discount Allowed Purchase

$25,000 $690 $120

$25,810

$25,810