M/s. Ritu wires were unable to agree the Trial Balance as on 31st March, 2025 and have raised a suspense account for the difference. Next year the…

M/s. Ritu wires were unable to agree the Trial Balance as on 31st March, 2025 and have raised a suspense account for the difference. Next year the following errors were discovered: (i) The addition of the 'Freight' column in the purchase journal was short by - 7,200. (ii) Repairs made during the year were wrongly debited to the building A/c -22,250. (iii) Sundry items of furniture sold for 20,000 had been entered in the sales book, the total of which had been posted to sales account. (iv) A bill of exchange (received from Ram Mahonar & Associates ) for 60,000 had been returned by the bank as. dishonoured and had been credited to the bank and debited to bills receivable account. You are required to pass journal entries to rectify the above mistakes .