The trial balance of Farah Crafts didn't match and difference was recorded in the suspense...
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Accounting
The trial balance of Farah Crafts didn't match and difference was recorded in the suspense account. The following errors were identified.
1. Payment of repairs expenses of $ 540 were recorded in advertising expenses as $450
2. Credit note of $500 issued a customer was credited to the purchase returns and allowances.
3. Interest of $ 250 paid by the bank was debited to Cash account only.
What was the amount recorded in the suspense to agree the totals of the trail balance?
- A. $1,340 CR
- B. $1,340 DR
- C. $840 DR
- D. $760 DR
- E. $760 CR
- F. $1,590 DR
- G. $160 CR
- H. $1,590 CR
- I. $840 CR
- J. $160 DR
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You can see the logs in the Dashboard.